Record (LON:REC) Trading 8.5% Higher – Still a Buy?

Record plc (LON:REC)’s share price traded up 8.5% on Friday . The company traded as high as GBX 52.70 ($0.65) and last traded at GBX 51.54 ($0.64). 568,645 shares changed hands during 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 Price Performance

The company has a current ratio of 4.35, a quick ratio of 4.03 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of GBX 55.90 and a two-hundred day moving average price of GBX 61.39. The firm has a market capitalization of £99.62 million, a price-to-earnings ratio of 1,035.80 and a beta of 1.05.

Record (LON:REC) last announced its quarterly 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%. As a group, research analysts forecast that Record plc will post 4.691358 EPS for the current year.

Record Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Thursday, November 28th were given a GBX 2.15 ($0.03) dividend. This represents a yield of 3.45%. The ex-dividend date of this dividend was Thursday, November 28th. Record’s dividend payout ratio is currently 10,000.00%.

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.