RIT Capital Partners (LON:RCP) Share Price Passes Above Fifty Day Moving Average – Here’s Why

RIT Capital Partners (LON:RCP)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 1,956.34 ($24.42) and traded as high as GBX 2,015 ($25.15). RIT Capital Partners shares last traded at GBX 2,005 ($25.03), with a volume of 199,875 shares traded.

RIT Capital Partners Price Performance

The company has a debt-to-equity ratio of 7.81, a current ratio of 1.41 and a quick ratio of 1.06. The firm has a market capitalization of £2.88 billion, a price-to-earnings ratio of 1,237.65 and a beta of 0.40. The business’s fifty day simple moving average is GBX 1,956.34 and its 200 day simple moving average is GBX 1,881.36.

Insider Transactions at RIT Capital Partners

In other RIT Capital Partners news, insider Helena Coles bought 1,002 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of GBX 1,996 ($24.92) per share, with a total value of £19,999.92 ($24,965.57). Corporate insiders own 41.36% of the company’s stock.

RIT Capital Partners Company Profile

RIT Capital Partners plc is a self-managed investment trust. The firm invests in the public equity and currency markets across the globe. It also invests in private investments and equity funds. The firm benchmarks the performance of its portfolio against the RPI plus 3% and MSCI All Country World Index (50% Sterling).