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RIT Capital Partners (LON:RCP) Sets New 1-Year High - Here's What Happened

RIT Capital Partners logo with Financial Services background

Key Points

  • RIT Capital Partners (LON:RCP) reached a new 52-week high with the stock trading at GBX 2,056.10 ($27.56) on Thursday.
  • The company posted a net margin of 162.20% and a return on equity of 4.70% in its latest earnings report.
  • RIT Capital Partners has a market cap of £2.85 billion and a high price-to-earnings ratio of 1,099.08, indicating market expectations of future growth.
  • Five stocks to consider instead of RIT Capital Partners.

RIT Capital Partners (LON:RCP - Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as GBX 2,056.10 ($27.56) and last traded at GBX 2,055 ($27.55), with a volume of 521121 shares changing hands. The stock had previously closed at GBX 2,010 ($26.94).

RIT Capital Partners Stock Up 2.0%

The company has a debt-to-equity ratio of 7.81, a quick ratio of 1.06 and a current ratio of 1.41. The company has a market cap of £2.85 billion, a price-to-earnings ratio of 1,099.08 and a beta of 0.40. The stock's fifty day moving average is GBX 1,987.09 and its two-hundred day moving average is GBX 1,922.14.

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

RIT Capital Partners Company Profile

(Get Free Report)

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).

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