RIT Capital Partners (LON:RCP) Stock Passes Below 50-Day Moving Average – Here’s What Happened

RIT Capital Partners (LON:RCPGet Free Report) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 1,898.28 ($25.13) and traded as low as GBX 1,806 ($23.90). RIT Capital Partners shares last traded at GBX 1,820 ($24.09), with a volume of 146,917 shares traded.

RIT Capital Partners Price Performance

The firm has a market capitalization of £2.65 billion, a price-to-earnings ratio of 15.91 and a beta of 0.40. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 7.81. The business has a 50-day moving average price of GBX 1,892.72 and a two-hundred day moving average price of GBX 1,904.92.

RIT Capital Partners (LON:RCPGet Free Report) last issued its quarterly earnings data on Monday, March 3rd. The company reported GBX (6.40) (($0.08)) 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 Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, April 25th. Stockholders of record on Thursday, April 3rd will be issued a dividend of GBX 21.50 ($0.28) per share. The ex-dividend date is Thursday, April 3rd. This represents a dividend yield of 1.14%. This is a positive change from RIT Capital Partners’s previous dividend of $19.50. RIT Capital Partners’s payout ratio is currently 33.71%.

RIT Capital Partners Company Profile

(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).

Further Reading

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