RIT Capital Partners (LON:RCP) Reaches New 52-Week High – Still a Buy?

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

RIT Capital Partners Price Performance

The stock’s 50-day moving average price is GBX 2,279.94 and its 200 day moving average price is GBX 2,220.03. The company has a quick ratio of 1.06, a current ratio of 2.21 and a debt-to-equity ratio of 7.53. The firm has a market capitalization of £3.29 billion, a price-to-earnings ratio of 7.46 and a beta of 0.31.

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

Insiders Place Their Bets

In related news, insider Helena Coles bought 330 shares of the stock in a transaction dated Monday, May 18th. The shares were acquired at an average cost of GBX 2,188 per share, for a total transaction of £7,220.40. Over the last 90 days, insiders have purchased 944 shares of company stock valued at $2,065,794. Company insiders own 20.00% of the company’s stock.

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.