RIT Capital Partners (LON:RCP) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Shares of RIT Capital Partners (LON:RCP) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 1,927.86 ($23.72) and traded as high as GBX 1,960 ($24.12). RIT Capital Partners shares last traded at GBX 1,960 ($24.12), with a volume of 356,213 shares trading hands.

RIT Capital Partners Trading Down 0.9 %

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 stock has a market capitalization of £2.79 billion, a price-to-earnings ratio of 1,198.77 and a beta of 0.40. The business has a fifty day moving average of GBX 1,927.86 and a 200-day moving average of GBX 1,869.78.

Insider Buying and Selling

In related news, insider Helena Coles bought 1,002 shares of RIT Capital Partners stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of GBX 1,996 ($24.56) per share, with a total value of £19,999.92 ($24,609.23). Insiders own 41.36% of the company’s stock.

About RIT Capital Partners

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).