Record (LON:REC) Stock Price Passes Below 50 Day Moving Average of $31.01

Shares of Record Plc (LON:REC) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $31.01 and traded as low as $32.13. Record shares last traded at $32.35, with a volume of 42,154 shares trading hands.

The stock has a market capitalization of $63.43 million and a P/E ratio of 9.80. The company’s fifty day simple moving average is GBX 31.04.

The company also recently declared a dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Thursday, June 27th will be issued a GBX 1.84 ($0.02) dividend. This is a positive change from Record’s previous dividend of $1.15. The ex-dividend date of this dividend is Thursday, June 27th. This represents a dividend yield of 5.48%. Record’s payout ratio is 0.61%.

In other news, insider Steve Cullen purchased 23,883 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was bought at an average price of GBX 34 ($0.44) per share, with a total value of £8,120.22 ($10,610.51).

Record Company Profile (LON:REC)

Record plc, through its subsidiaries, provides currency management services. The company offers currency hedging, currency for return, and other currency solutions and consulting services. Its clients include pension funds, charities, foundations, endowments, and family offices, as well as other fund managers and corporate clients.

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