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

RIT Capital Partners (LON:RCP) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 1,963.26 ($24.42) and traded as high as GBX 1,974 ($24.56). RIT Capital Partners shares last traded at GBX 1,970 ($24.51), with a volume of 148,665 shares traded.

RIT Capital Partners Stock Performance

The company’s 50-day moving average price is GBX 1,963.26 and its two-hundred day moving average price is GBX 1,883.65. The company has a market capitalization of £2.84 billion, a price-to-earnings ratio of 1,219.75 and a beta of 0.40. The company has a debt-to-equity ratio of 7.81, a current ratio of 1.41 and a quick ratio of 1.06.

Insiders Place Their Bets

In other RIT Capital Partners news, insider Helena Coles purchased 1,002 shares of the business’s stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of GBX 1,996 ($24.83) per share, for a total transaction of £19,999.92 ($24,881.71). Company 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).