Record (LON:REC) Releases Quarterly Earnings Results

Record (LON:REC) announced its earnings results on Friday. The company reported GBX 3.92 EPS for the quarter, Digital Look Earnings reports. The business had revenue of GBX 4,010 million for the quarter. Record had a return on equity of 30.24% and a net margin of 21.42%.

Record Stock Down 10.0%

Shares of LON:REC opened at GBX 48.80 on Friday. The company has a market capitalization of £94.26 million, a price-to-earnings ratio of 11.40 and a beta of 0.75. The company has a 50 day moving average of GBX 54.60 and a two-hundred day moving average of GBX 54.73. Record has a 52-week low of GBX 47.25 and a 52-week high of GBX 67.80. The company has a quick ratio of 4.03, a current ratio of 37.68 and a debt-to-equity ratio of 49.24.

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. 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.