RIT Capital Partners (LON:RCP) Reaches New 52-Week High – Should You Buy?

Shares of RIT Capital Partners (LON:RCP) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 2,030 ($27.71) and last traded at GBX 2,023.47 ($27.62), with a volume of 332110 shares trading hands. The stock had previously closed at GBX 2,015 ($27.50).

RIT Capital Partners Price Performance

The company has a debt-to-equity ratio of 7.81, a current ratio of 1.41 and a quick ratio of 1.06. The stock’s fifty day simple moving average is GBX 1,951.97 and its 200-day simple moving average is GBX 1,908.36. The company has a market capitalization of £2.83 billion, a P/E ratio of 1,092.31 and a beta of 0.40.

RIT Capital Partners (LON:RCP) last released its quarterly earnings results on Thursday, August 7th. The company reported GBX (1.90) earnings per share (EPS) for the quarter. RIT Capital Partners had a net margin of 162.20% and a return on equity of 4.70%.

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).