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RIT Capital Partners (LON:RCP) Stock Passes Above 50 Day Moving Average - Here's Why

RIT Capital Partners logo with Financial Services background

RIT Capital Partners (LON:RCP - Get Free Report) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 1,863.90 ($25.31) and traded as high as GBX 1,906 ($25.88). RIT Capital Partners shares last traded at GBX 1,892 ($25.69), with a volume of 198,592 shares.

RIT Capital Partners Stock Performance

The stock's 50-day moving average is GBX 1,871.24 and its 200-day moving average is GBX 1,916.68. The stock has a market cap of £2.71 billion, a price-to-earnings ratio of 16.25 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.

Insider Buying and Selling

In related news, insider Vikas Karlekar purchased 1,045 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was purchased at an average price of GBX 1,903 ($25.84) per share, for a total transaction of £19,886.35 ($27,001.15). Corporate insiders own 41.36% of the company's stock.

About RIT Capital Partners

(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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