RIT Capital Partners (LON:RCP) Stock Price Passes Above 50 Day Moving Average – Here’s Why

RIT Capital Partners (LON:RCP)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 1,927.86 ($23.54) and traded as high as GBX 1,960 ($23.93). RIT Capital Partners shares last traded at GBX 1,960 ($23.93), with a volume of 356,213 shares.

RIT Capital Partners Trading Down 1.1 %

The company’s fifty day moving average is GBX 1,927.86 and its 200-day moving average is GBX 1,869.78. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 7.81. The firm has a market capitalization of £2.79 billion, a P/E ratio of 1,196.30 and a beta of 0.40.

Insider Buying and Selling at RIT Capital Partners

In other RIT Capital Partners news, insider Helena Coles purchased 1,002 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of GBX 1,996 ($24.37) per share, for a total transaction of £19,999.92 ($24,419.93). Corporate 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).