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

Record plc (LON:REC)’s stock price rose 8.5% during trading on Friday . The company traded as high as GBX 52.70 ($0.65) and last traded at GBX 51.54 ($0.64). Approximately 568,645 shares traded hands during trading, an increase of 8% from the average daily volume of 527,818 shares. The stock had previously closed at GBX 47.50 ($0.59).

Record Trading Up 9.0 %

The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.03 and a current ratio of 4.35. The business has a fifty day simple moving average of GBX 55.90 and a 200 day simple moving average of GBX 61.39. The company has a market cap of £99.62 million, a P/E ratio of 1,035.80 and a beta of 1.05.

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

Record Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Shareholders 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 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.