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

RIT Capital Partners (LON:RCP) hit a new 52-week high on Monday . The company traded as high as GBX 2,590 and last traded at GBX 2,590, with a volume of 38187 shares. The stock had previously closed at GBX 2,575.

RIT Capital Partners Trading Down 0.6%

The firm has a fifty day simple moving average of GBX 2,318.91 and a two-hundred day simple moving average of GBX 2,231.29. The stock has a market cap of £3.44 billion, a PE ratio of 7.79 and a beta of 0.31. The company has a current ratio of 2.21, a quick ratio of 1.06 and a debt-to-equity ratio of 7.53.

RIT Capital Partners (LON:RCP) last issued 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 Buying and Selling

In related news, insider Helena Coles purchased 330 shares of the business’s stock in a transaction on Monday, May 18th. The stock was acquired at an average price of GBX 2,188 per share, with a total value of £7,220.40. Over the last three months, insiders have purchased 944 shares of company stock valued at $2,065,794. 20.00% of the stock is owned by 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). 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.