RIT Capital Partners (LON:RCP) Share Price Crosses Above Fifty Day Moving Average - Here's Why

Key Points

• RIT Capital Partners' shares crossed above their 50-day moving average during trading, reaching a high of GBX 1,952 ($25.79).
• The company has a market capitalization of £2.78 billion and a P/E ratio of 16.69, indicating solid financial performance.
• Insider Vikas Karlekar purchased 1,045 shares at an average price of GBX 1,903 ($25.14), reflecting confidence in the company's stock by insiders who collectively own 41.36% of the company.

Shares of RIT Capital Partners (LON:RCP - Get Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 1,909.42 ($25.38) and traded as high as GBX 1,952 ($25.94). RIT Capital Partners shares last traded at GBX 1,950 ($25.92), with a volume of 151,300 shares trading hands.

RIT Capital Partners Stock Performance

The business's 50-day moving average price is GBX 1,912.22 and its 200-day moving average price is GBX 1,905.20. 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 stock has a market cap of £2.79 billion, a P/E ratio of 16.70 and a beta of 0.40.

Insider Activity

In other news, insider Vikas Karlekar bought 1,045 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were bought at an average price of GBX 1,903 ($25.29) per share, for a total transaction of £19,886.35 ($26,430.56). 41.36% of the stock is currently owned by insiders.

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).