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RIT Capital Partners (LON:RCP) Stock Price Passes Below Two Hundred Day Moving Average - What's Next?

RIT Capital Partners logo with Financial Services background
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Key Points

  • RIT Capital Partners slid below its 200-day moving average (200-day MA GBX 2,179.95), trading as low as GBX 2,175 on Wednesday with a volume of 454,322 shares, a potential bearish technical signal.
  • On fundamentals, the trust has a market cap of £2.97 billion, a low P/E of 6.65 and beta of 0.30, reported quarterly EPS of GBX 1.50 with ROE of 11.79%, and balance-sheet metrics including a current ratio of 2.21 and debt-to-equity of 7.53.
  • MarketBeat previews the top five stocks to own by May 1st.

RIT Capital Partners (LON:RCP - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,179.95 and traded as low as GBX 2,175. RIT Capital Partners shares last traded at GBX 2,175, with a volume of 454,322 shares traded.

RIT Capital Partners Stock Performance

The company has a debt-to-equity ratio of 7.53, a quick ratio of 1.06 and a current ratio of 2.21. The stock has a market cap of £2.97 billion, a P/E ratio of 6.65 and a beta of 0.30. The firm's 50 day moving average is GBX 2,161.34 and its 200 day moving average is GBX 2,179.95.

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

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). 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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