RIT Capital Partners (LON:RCP) Share Price Passes Below 50 Day Moving Average – Time to Sell?

RIT Capital Partners (LON:RCPGet Free Report)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 2,522.56 and traded as low as GBX 2,470. RIT Capital Partners shares last traded at GBX 2,482.70, with a volume of 125,773 shares trading hands.

RIT Capital Partners Stock Performance

The company has a 50-day moving average of GBX 2,522.56 and a 200-day moving average of GBX 2,318.85. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 8.47. The firm has a market capitalization of £3.09 billion, a P/E ratio of 5.03 and a beta of 0.75.

RIT Capital Partners (LON:RCPGet Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported GBX 244.10 EPS for the quarter. RIT Capital Partners had a net margin of 2,025.88% and a return on equity of 16.54%.

Insiders Place Their Bets

In related news, insider Hannah Rothschild sold 24,365 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of GBX 2,600, for a total transaction of £633,490. Company insiders own 20.00% of the company’s stock.

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). 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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