Rights & Issues Investment Trust (LON:RIII) Shares Climb 1.2% – Here’s Why

Rights & Issues Investment Trust (LON:RIII)’s stock price rose 1.2% on Friday. The company traded as high as GBX 2,510 and last traded at GBX 2,510. 20,836 shares traded hands during trading, an increase of 210% from the average daily volume of 6,711 shares. The stock had previously closed at GBX 2,480.

Rights & Issues Investment Trust Trading Up 1.2%

The company’s 50 day moving average price is GBX 2,434.37 and its 200-day moving average price is GBX 2,261.54. The company has a market capitalization of £115.03 million, a PE ratio of 19.26 and a beta of 0.94.

Rights & Issues Investment Trust (LON:RIII) last issued its earnings results on Thursday, August 6th. The company reported GBX 132 earnings per share for the quarter. Rights & Issues Investment Trust had a return on equity of 4.92% and a net margin of 23.36%.

About Rights & Issues Investment Trust

Rights and Issues Investment Trust Public Limited Company is a self-managed investment trust. The firm invests in public equity markets of the United Kingdom. It invests in stocks of small-cap companies. The firm benchmarks the performance of its portfolio against the FTSE All share index. Rights and Issues Investment Trust Public Limited Company was founded in 1963 and is based in London, United Kingdom.