Record (LON:REC) Shares Up 8.5% – Time to Buy?

Record plc (LON:REC) shot up 8.5% during mid-day trading on Friday . The company traded as high as GBX 52.70 ($0.66) and last traded at GBX 51.54 ($0.64). 568,645 shares were traded during mid-day trading, an increase of 8% from the average session volume of 527,818 shares. The stock had previously closed at GBX 47.50 ($0.59).

Record Stock Performance

The company has a market capitalization of £98.48 million, a P/E ratio of 1,024.00 and a beta of 1.05. The business’s fifty day simple moving average is GBX 55.39 and its 200-day simple moving average is GBX 61.11. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.03 and a current ratio of 4.35.

Record (LON:REC) last released its quarterly earnings data on Friday, November 15th. The company reported GBX 2.58 ($0.03) earnings per share for the quarter. Record had a net margin of 20.43% and a return on equity of 32.37%. As a group, equities analysts anticipate that Record plc will post 4.691358 earnings per share for the current fiscal year.

Record Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Thursday, November 28th were issued a dividend of GBX 2.15 ($0.03) per share. This represents a yield of 3.45%. The ex-dividend date was Thursday, November 28th. Record’s dividend payout ratio (DPR) is presently 10,000.00%.

About Record

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.