Record (LON:REC) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Record plc (LON:REC)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 56.39 ($0.74) and traded as low as GBX 51.50 ($0.67). Record shares last traded at GBX 53 ($0.69), with a volume of 61,679 shares traded.

Record Price Performance

The company has a market cap of £103.44 million, a price-to-earnings ratio of 0.52 and a beta of 1.05. The stock has a 50 day simple moving average of GBX 52.16 and a two-hundred day simple moving average of GBX 56.31. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.35 and a quick ratio of 4.03.

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.