Record (LON:REC) Share Price Passes Below 200-Day Moving Average – What’s Next?

Record plc (LON:REC) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 60.12 ($0.75) and traded as low as GBX 55 ($0.68). Record shares last traded at GBX 55.40 ($0.69), with a volume of 49,052 shares trading hands.

Record Price Performance

The business’s 50-day simple moving average is GBX 53.94 and its 200 day simple moving average is GBX 60.12. The company has a quick ratio of 4.03, a current ratio of 4.35 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of £106.56 million, a P/E ratio of 1,108.00 and a beta of 1.05.

Record (LON:REC) last issued its earnings results on Friday, November 15th. The company reported GBX 2.58 ($0.03) earnings per share for the quarter. Record had a return on equity of 32.37% and a net margin of 20.43%. Sell-side analysts forecast that Record plc will post 4.691358 earnings per share for the current year.

Record Cuts Dividend

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