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

Shares of RIT Capital Partners (LON:RCP - Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 1,885.50 ($25.87) and traded as high as GBX 1,918 ($26.32). RIT Capital Partners shares last traded at GBX 1,916 ($26.29), with a volume of 123,431 shares.

RIT Capital Partners Price Performance

The stock has a market cap of £2.78 billion, a P/E ratio of 16.67 and a beta of 0.40. 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 firm has a 50-day moving average price of GBX 1,885.50 and a 200-day moving average price of GBX 1,913.68.

Insider Buying and Selling at RIT Capital Partners

In other news, insider Vikas Karlekar acquired 1,045 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was bought at an average cost of GBX 1,903 ($26.11) per share, for a total transaction of £19,886.35 ($27,290.17). 41.36% of the stock is owned by company insiders.

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).

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