RIT Capital Partners (LON:RCP) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

RIT Capital Partners (LON:RCP)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 1,927.86 ($23.72) and traded as high as GBX 1,960 ($24.12). RIT Capital Partners shares last traded at GBX 1,960 ($24.12), with a volume of 356,213 shares trading hands.

RIT Capital Partners Price Performance

The business’s 50-day simple moving average is GBX 1,927.86 and its two-hundred day simple moving average is GBX 1,869.78. The stock has a market cap of £2.79 billion, a price-to-earnings ratio of 1,198.77 and a beta of 0.40. The company has a debt-to-equity ratio of 7.81, a current ratio of 1.41 and a quick ratio of 1.06.

Insider Activity at RIT Capital Partners

In other RIT Capital Partners news, insider Helena Coles acquired 1,002 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of GBX 1,996 ($24.56) per share, for a total transaction of £19,999.92 ($24,609.23). 41.36% of the stock is currently owned by company 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).