RIT Capital Partners (LON:RCP) Hits New 52-Week High – Here’s Why

RIT Capital Partners (LON:RCP) shares 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 trading hands. The stock had previously closed at GBX 2,575.

RIT Capital Partners Stock Up 0.6%

The company has a debt-to-equity ratio of 7.53, a current ratio of 2.21 and a quick ratio of 1.06. The company has a market cap of £3.50 billion, a price-to-earnings ratio of 7.92 and a beta of 0.31. The firm’s 50 day simple moving average is GBX 2,303.51 and its 200-day simple moving average is GBX 2,226.96.

RIT Capital Partners (LON:RCP) last issued its quarterly earnings data on Friday, July 10th. The company reported GBX (1.90) earnings per share (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 bought 330 shares of the firm’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, with a total value of £7,220.40. Over the last ninety days, insiders bought 944 shares of company stock valued at $2,065,794. 20.00% of the stock is owned by corporate 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.