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Record (LON:REC) Stock Price Passes Below 200-Day Moving Average - Here's Why

Record logo with Financial Services background
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Key Points

  • Record plc crossed below its 200-day moving average (200‑day SMA GBX 55.07) on Friday, trading as low as GBX 55 and last at GBX 57 on a volume of 63,988 shares.
  • Record is a specialist currency and asset manager with global offices and $102.7 billion in AUM as of June 28, 2024.
  • The company shows strong liquidity (current ratio 37.68, quick ratio 4.03), a debt‑to‑equity ratio of 49.24, market cap of £110.1 million, a P/E of 13.32 and a beta of 0.78.
  • Five stocks we like better than Record.

Record plc (LON:REC - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 55.07 and traded as low as GBX 55. Record shares last traded at GBX 57, with a volume of 63,988 shares.

Record Stock Up 2.2%

The company has a current ratio of 37.68, a quick ratio of 4.03 and a debt-to-equity ratio of 49.24. The company has a market cap of £110.10 million, a price-to-earnings ratio of 13.32 and a beta of 0.78. The firm's fifty day simple moving average is GBX 53.64 and its 200 day simple moving average is GBX 55.07.

About Record

(Get Free Report)

Record Financial Group is a leading specialist currency and asset manager with $102.7 billion in Assets Under Management Equivalents (as of 28th June 2024) for institutional clients, with global offices across London, Frankfurt, Zürich and Düsseldorf. We have over 40 years' experience in passive and active currency hedging, as well as return-seeking strategies. We can simplify currency for you and provide cost-effective solutions to almost all currency-related challenges. Our clients are asset managers, pension funds, foundations, and other institutional investors. Our asset management team offers best in class, yield-seeking strategies across various private market asset classes including EM Debt, Digital Lending, Private Credit and Infrastructure strategies.

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