Insider Selling: Record plc (LON:REC) Insider Sells 970,694 Shares of Stock

Key Points

• Jan Witte, an insider at Record plc, sold **970,694 shares** of the company's stock on August 8th for a total of **£572,709.46** ($769,977.76) at an average price of **GBX 59** ($0.79).
• Following the sale, Record's stock increased by **1.3%**, reaching **GBX 59.74** ($0.80) during trading.
• Record plc reported **earnings per share of GBX 5.03** ($0.07) for the last quarter, with a remarkably high **net margin of 430.56%** and a return on equity of **680.45%**.

Record plc (LON:REC - Get Free Report) insider Jan Witte sold 970,694 shares of Record stock in a transaction dated Friday, August 8th. The shares were sold at an average price of GBX 59 ($0.80), for a total value of £572,709.46 ($777,715.18).

Jan Witte also recently made the following trade(s):

• On Tuesday, June 24th, Jan Witte purchased 340,171 shares of Record stock. The shares were bought at an average price of GBX 54 ($0.73) per share, with a total value of £183,692.34 ($249,446.41).

Record Stock Performance

Shares of LON REC traded up GBX 1.40 ($0.02) during midday trading on Thursday, reaching GBX 62 ($0.84). The company's stock had a trading volume of 101,462 shares, compared to its average volume of 253,959. Record plc has a 12-month low of GBX 45 ($0.61) and a 12-month high of GBX 67.80 ($0.92). The firm has a 50 day moving average price of GBX 59.75 and a 200-day moving average price of GBX 55.44. The stock has a market capitalization of £121.93 million, a P/E ratio of 0.61 and a beta of 1.05. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.35 and a quick ratio of 4.03.

Record (LON:REC - Get Free Report) last announced its earnings results on Friday, June 20th. The company reported GBX 5.03 ($0.07) earnings per share for the quarter. Record had a return on equity of 680.45% and a net margin of 430.56%. As a group, equities analysts predict that Record plc will post 4.691358 earnings per share for the current year.

Record Company Profile

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.