RIT Capital Partners (LON:RCP) Share Price Passes Above Fifty Day Moving Average - Here's What Happened

Key Points

• RIT Capital Partners' shares crossed above the 50-day moving average during trading on Thursday, reaching a high of GBX 1,984 ($26.94).
• The company reported a net margin of 162.20% in its latest earnings, with an EPS of GBX (1.90) for the quarter ending August 7th.
• RIT Capital Partners has a market cap of £2.75 billion and a significant price-to-earnings ratio of 1,061.09, indicating high investor valuation relative to earnings.

Shares of RIT Capital Partners (LON:RCP - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 1,948.92 ($26.60) and traded as high as GBX 1,984 ($27.08). RIT Capital Partners shares last traded at GBX 1,980 ($27.03), with a volume of 117,365 shares.

RIT Capital Partners Trading Down 0.6%

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 business has a fifty day simple moving average of GBX 1,951.97 and a 200 day simple moving average of GBX 1,908.36. The stock has a market capitalization of £2.78 billion, a price-to-earnings ratio of 1,072.84 and a beta of 0.40.

RIT Capital Partners (LON:RCP - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported GBX (1.90) earnings per share (EPS) for the quarter. RIT Capital Partners had a return on equity of 4.70% and a net margin of 162.20%.

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).