RIT Capital Partners (LON:RCP) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

RIT Capital Partners (LON:RCP)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 1,972.43 ($24.55) and traded as high as GBX 1,983.10 ($24.68). RIT Capital Partners shares last traded at GBX 1,944 ($24.20), with a volume of 366,364 shares.

RIT Capital Partners Stock Up 0.4 %

The company has a fifty day simple moving average of GBX 1,972.43 and a 200 day simple moving average of GBX 1,888.40. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 7.81. The firm has a market capitalization of £2.81 billion, a P/E ratio of 1,204.94 and a beta of 0.40.

Insider Buying and Selling at RIT Capital Partners

In related news, insider Helena Coles purchased 1,002 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of GBX 1,996 ($24.84) per share, with a total value of £19,999.92 ($24,894.10). 41.36% of the stock is owned by company insiders.

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).