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

RIT Capital Partners (LON:RCP - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 1,872.24 ($24.84) and traded as low as GBX 1,857.52 ($24.65). RIT Capital Partners shares last traded at GBX 1,882 ($24.97), with a volume of 143,520 shares trading hands.

RIT Capital Partners Price Performance

The stock has a 50 day moving average of GBX 1,871.36 and a two-hundred day moving average of GBX 1,909.54. 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 £2.74 billion, a PE ratio of 16.42 and a beta of 0.40.

RIT Capital Partners (LON:RCP - Get Free Report) last released its quarterly earnings results on Monday, March 3rd. The company reported GBX (6.40) (($0.08)) earnings per share (EPS) 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 firm also recently announced a dividend, which was paid on Friday, April 25th. Stockholders of record on Thursday, April 3rd were given a GBX 21.50 ($0.29) dividend. This represents a dividend yield of 1.14%. The ex-dividend date was Thursday, April 3rd. This is a boost from RIT Capital Partners's previous dividend of $19.50. RIT Capital Partners's dividend payout ratio (DPR) is 33.71%.

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).