RIT Capital Partners (LON:RCP) Share Price Passes Above 50-Day Moving Average - Here's What Happened

Key Points

• RIT Capital Partners' share price recently exceeded its 50-day moving average of GBX 1,980.09, reaching a high of GBX 2,040 during trading.
• The company reported earnings per share of GBX (1.90) for the last quarter, with a notable net margin of 162.20% and a return on equity of 4.70%.
• With a market capitalization of £2.81 billion, RIT Capital Partners is a self-managed investment trust that invests across public equity, currency markets, and private investments globally.

Shares of RIT Capital Partners (LON:RCP - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 1,980.09 ($26.54) and traded as high as GBX 2,040 ($27.34). RIT Capital Partners shares last traded at GBX 2,019.62 ($27.07), with a volume of 603,875 shares trading hands.

RIT Capital Partners Price Performance

The company has a market capitalization of £2.81 billion, a price-to-earnings ratio of 1,084.45 and a beta of 0.40. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 7.81. The company's 50 day simple moving average is GBX 1,980.09 and its 200-day simple moving average is GBX 1,919.01.

RIT Capital Partners (LON:RCP - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported GBX (1.90) earnings per share (EPS) 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

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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