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RIT Capital Partners (LON:RCP) Stock Price Crosses Below 50 Day Moving Average - Here's Why

RIT Capital Partners logo with Financial Services background

Shares of RIT Capital Partners (LON:RCP - Get Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 1,881.28 ($25.28) and traded as low as GBX 1,795.16 ($24.12). RIT Capital Partners shares last traded at GBX 1,798 ($24.16), with a volume of 287,027 shares.

RIT Capital Partners Stock Performance

The company's 50 day moving average price is GBX 1,874.44 and its 200-day moving average price is GBX 1,905.90. 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 £2.70 billion, a PE ratio of 16.22 and a beta of 0.40.

RIT Capital Partners (LON:RCP - Get Free Report) last announced its quarterly earnings results on Monday, March 3rd. The company reported GBX (6.40) (($0.09)) earnings per share for the quarter. RIT Capital Partners had a net margin of 162.20% and a return on equity of 4.70%.

RIT Capital Partners Increases Dividend

The business also recently announced a dividend, which was paid on Friday, April 25th. Shareholders of record on Thursday, April 3rd were paid a GBX 21.50 ($0.29) dividend. The ex-dividend date was Thursday, April 3rd. This represents a yield of 1.14%. This is an increase from RIT Capital Partners's previous dividend of $19.50. RIT Capital Partners's dividend payout ratio (DPR) is currently 33.71%.

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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