RIT Capital Partners (LON:RCP) Shares Pass Above 50-Day Moving Average – Here’s Why

Shares of RIT Capital Partners (LON:RCP) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 1,927.86 ($23.54) and traded as high as GBX 1,960 ($23.93). RIT Capital Partners shares last traded at GBX 1,960 ($23.93), with a volume of 356,213 shares.

RIT Capital Partners Stock Down 1.1 %

The firm has a 50 day moving average price of GBX 1,927.86 and a 200-day moving average price of GBX 1,869.78. The firm has a market cap of £2.79 billion, a price-to-earnings ratio of 1,196.30 and a beta of 0.40. The company has a debt-to-equity ratio of 7.81, a current ratio of 1.41 and a quick ratio of 1.06.

Insiders Place Their Bets

In related news, insider Helena Coles acquired 1,002 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of GBX 1,996 ($24.37) per share, for a total transaction of £19,999.92 ($24,419.93). Company insiders own 41.36% of the company’s stock.

About RIT Capital Partners

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).