RIT Capital Partners (LON:RCP) Shares Pass Above Fifty Day Moving Average – Here’s Why

RIT Capital Partners (LON:RCP)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 2,161.38 and traded as high as GBX 2,220. RIT Capital Partners shares last traded at GBX 2,195, with a volume of 1,069,656 shares traded.

RIT Capital Partners Price Performance

The stock has a fifty day moving average of GBX 2,161.38 and a two-hundred day moving average of GBX 2,186.01. The stock has a market capitalization of £3.00 billion, a price-to-earnings ratio of 6.74 and a beta of 0.69. The company has a current ratio of 2.21, a quick ratio of 1.06 and a debt-to-equity ratio of 7.53.

RIT Capital Partners (LON:RCP) last released its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 1.50 earnings per share for the quarter. RIT Capital Partners had a return on equity of 11.79% and a net margin of 277.36%.

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.