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

Key Points

• Stock technical: RIT Capital Partners' shares crossed below their 50‑day moving average (50‑day MA GBX 2,164.67), trading as low as GBX 2,127 and last at GBX 2,145 on volume of 191,903 shares.
• Key financials: Market cap £2.93 billion, P/E 6.56 and beta 0.69, with liquidity ratios (current 2.21, quick 1.06) and a reported debt‑to‑equity of 7.53.
• Business and recent results: RIT is a self‑managed investment trust investing globally; it reported Q results of GBX 1.50 EPS, a net margin of 277.36% and ROE of 11.79%.

RIT Capital Partners (LON:RCP - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 2,164.67 and traded as low as GBX 2,127. RIT Capital Partners shares last traded at GBX 2,145, with a volume of 191,903 shares trading hands.

RIT Capital Partners Trading Up 0.5%

The company has a current ratio of 2.21, a quick ratio of 1.06 and a debt-to-equity ratio of 7.53. The company has a market cap of £2.93 billion, a PE ratio of 6.56 and a beta of 0.69. The business's 50-day simple moving average is GBX 2,164.67 and its 200-day simple moving average is GBX 2,162.65.

RIT Capital Partners (LON:RCP - Get Free Report) last released its earnings results on Tuesday, March 3rd. The company reported GBX 1.50 earnings per share (EPS) for the quarter. RIT Capital Partners had a net margin of 277.36% and a return on equity of 11.79%.

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). It employs a top-down approach to make its investments. The firm makes its investments in companies operating across diversified sectors. RIT Capital Partners plc was founded on August 1, 1988 and is based in London, United Kingdom.

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