RIT Capital Partners (LON:RCP) Sets New 12-Month Low – Here’s Why

Shares of RIT Capital Partners (LON:RCP) reached a new 52-week low on Monday . The company traded as low as GBX 1,672.20 ($21.37) and last traded at GBX 1,707.47 ($21.82), with a volume of 2027166 shares trading hands. The stock had previously closed at GBX 1,796 ($22.95).

RIT Capital Partners Stock Performance

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 stock has a 50 day moving average price of GBX 1,914.88 and a two-hundred day moving average price of GBX 1,906.23. The company has a market cap of £2.58 billion, a price-to-earnings ratio of 15.45 and a beta of 0.40.

RIT Capital Partners (LON:RCP) last issued its earnings results on Monday, March 3rd. The company reported GBX (6.40) (($0.08)) earnings per share (EPS) for the quarter. RIT Capital Partners had a return on equity of 4.70% and a net margin of 162.20%.

RIT Capital Partners Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, April 25th. Shareholders of record on Thursday, April 3rd will be paid a GBX 21.50 ($0.27) dividend. This represents a yield of 1.14%. The ex-dividend date of this dividend is Thursday, April 3rd. This is an increase from RIT Capital Partners’s previous dividend of $19.50. RIT Capital Partners’s dividend payout ratio is presently 33.71%.

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).