RIT Capital Partners (LON:RCP) Sets New 52-Week High – What’s Next?

Shares of RIT Capital Partners (LON:RCP) reached a new 52-week high on Tuesday . The company traded as high as GBX 2,485 and last traded at GBX 2,440, with a volume of 32878 shares trading hands. The stock had previously closed at GBX 2,450.

RIT Capital Partners Trading Up 0.2%

The company’s 50 day moving average price is GBX 2,289.81 and its two-hundred day moving average price is GBX 2,222.80. The firm has a market cap of £3.31 billion, a PE ratio of 7.50 and a beta of 0.31. The company has a quick ratio of 1.06, a current ratio of 2.21 and a debt-to-equity ratio of 7.53.

RIT Capital Partners (LON:RCP) last issued its quarterly earnings results on Friday, July 10th. The company reported GBX (1.90) EPS for the quarter. RIT Capital Partners had a net margin of 277.36% and a return on equity of 11.79%.

Insider Activity

In other RIT Capital Partners news, insider Helena Coles bought 330 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were purchased at an average price of GBX 2,188 per share, with a total value of £7,220.40. Insiders purchased a total of 944 shares of company stock worth $2,065,794 in the last ninety days. 20.00% of the stock is owned by insiders.

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). It employs a top-down approach to make its investments. The firm makes its investments in companies operating across diversified sectors. RIT Capital Partners plc was founded on August 1, 1988 and is based in London, United Kingdom.