RIT Capital Partners (LON:RCP) Reaches New 1-Year High – Here’s What Happened

RIT Capital Partners (LON:RCP)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 2,615 and last traded at GBX 2,600, with a volume of 96190 shares trading hands. The stock had previously closed at GBX 2,565.

RIT Capital Partners Stock Performance

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 stock has a market capitalization of £3.52 billion, a PE ratio of 7.98 and a beta of 0.70. The firm’s 50-day simple moving average is GBX 2,367.95 and its two-hundred day simple moving average is GBX 2,246.91.

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

Insiders Place Their Bets

In other RIT Capital Partners news, insider Helena Coles purchased 330 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were purchased at an average cost of GBX 2,188 per share, with a total value of £7,220.40. Insiders acquired 944 shares of company stock worth $2,065,794 over the last quarter. 20.00% of the stock is currently owned by insiders.

RIT Capital Partners Company Profile

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.