Record (LON:REC) Hits New 52-Week Low – Time to Sell?

Record plc (LON:REC)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 49 and last traded at GBX 49.50, with a volume of 1776398 shares trading hands. The stock had previously closed at GBX 52.80.

Record Stock Performance

The stock has a market capitalization of £95.61 million, a price-to-earnings ratio of 11.57 and a beta of 0.76. The company has a quick ratio of 4.03, a current ratio of 37.68 and a debt-to-equity ratio of 49.24. The stock’s 50-day simple moving average is GBX 55.16 and its 200 day simple moving average is GBX 55.79.

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. 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.