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

RIT Capital Partners (LON:RCP)’s share price hit a new 52-week high on Tuesday . The stock traded as high as GBX 2,355 and last traded at GBX 2,320, with a volume of 542384 shares traded. The stock had previously closed at GBX 2,292.59.

RIT Capital Partners Stock Down 0.2%

The company’s 50 day moving average price is GBX 2,187.30 and its two-hundred day moving average price is GBX 2,197.94. The firm has a market cap of £3.16 billion, a PE ratio of 7.11 and a beta of 0.70. The company has a current ratio of 2.21, a quick ratio of 1.06 and a debt-to-equity ratio of 7.53.

RIT Capital Partners (LON:RCP) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 1.50 earnings per share for the quarter. RIT Capital Partners had a net margin of 277.36% and a return on equity of 11.79%.

Insider Buying and Selling at RIT Capital Partners

In other RIT Capital Partners news, insider Helena Coles purchased 330 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were acquired at an average price of GBX 2,188 per share, for a total transaction of £7,220.40. In the last 90 days, insiders have acquired 944 shares of company stock worth $2,065,794. Company insiders own 19.57% of the company’s stock.

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.