RIT Capital Partners (LON:RCP) Reaches New 1-Year High – Here’s Why

RIT Capital Partners (LON:RCP) shares reached a new 52-week high on Wednesday . The stock traded as high as GBX 2,443.05 and last traded at GBX 2,380, with a volume of 1010612 shares changing hands. The stock had previously closed at GBX 2,275.

RIT Capital Partners Price Performance

The firm has a market cap of £3.32 billion, a PE ratio of 7.51 and a beta of 0.31. The company has a debt-to-equity ratio of 7.53, a current ratio of 2.21 and a quick ratio of 1.06. The business’s fifty day moving average is GBX 2,269.08 and its 200-day moving average is GBX 2,217.09.

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

Insider Activity at RIT Capital Partners

In related news, insider Helena Coles purchased 330 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average price of GBX 2,188 per share, with a total value of £7,220.40. Over the last quarter, insiders have purchased 944 shares of company stock valued at $2,065,794. Insiders own 20.00% 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). 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.