RIT Capital Partners (LON:RCP) Reaches New 12-Month High – Here’s Why

RIT Capital Partners (LON:RCPGet Free Report)’s share price hit a new 52-week high on Tuesday . The company traded as high as GBX 2,485 and last traded at GBX 2,440, with a volume of 32878 shares trading hands. The stock had previously closed at GBX 2,450.

RIT Capital Partners Trading Down 0.5%

The company has a current ratio of 2.21, a quick ratio of 1.06 and a debt-to-equity ratio of 7.53. The company has a market capitalization of £3.29 billion, a price-to-earnings ratio of 7.46 and a beta of 0.31. The company has a fifty day moving average of GBX 2,279.94 and a 200-day moving average of GBX 2,220.03.

RIT Capital Partners (LON:RCPGet Free Report) last posted its quarterly earnings data on Friday, July 10th. The company reported GBX (1.90) EPS for the quarter. RIT Capital Partners had a return on equity of 11.79% and a net margin of 277.36%.

Insider Activity

In other news, insider Helena Coles purchased 330 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average cost of GBX 2,188 per share, for a total transaction of £7,220.40. Insiders purchased 944 shares of company stock valued at $2,065,794 over the last quarter. 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.

Further Reading

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