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RIT Capital Partners (LON:RCP) Shares Pass Above Fifty Day Moving Average - Should You Sell?

RIT Capital Partners logo with Financial Services background

RIT Capital Partners (LON:RCP - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 1,900.15 ($25.83) and traded as high as GBX 1,960 ($26.64). RIT Capital Partners shares last traded at GBX 1,946 ($26.45), with a volume of 1,357,676 shares changing hands.

RIT Capital Partners Stock Performance

The company has a market capitalization of £2.79 billion, a P/E ratio of 16.72 and a beta of 0.40. The stock has a fifty day simple moving average of GBX 1,902.28 and a 200-day simple moving average of GBX 1,912.35. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 7.81.

Insider Activity

In related news, insider Vikas Karlekar acquired 1,045 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was bought at an average cost of GBX 1,903 ($25.87) per share, with a total value of £19,886.35 ($27,034.19). Insiders own 41.36% of the company's stock.

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).

Further Reading

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