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RIT Capital Partners (LON:RCP) Share Price Passes Above 50 Day Moving Average - Time to Sell?


RIT Capital Partners (LON:RCP) Share Price Passes Above 50 Day Moving Average   - Time to Sell?

RIT Capital Partners (LON:RCP - Get Free Report) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 1,814.06 ($23.53) and traded as high as GBX 1,866 ($24.20). RIT Capital Partners shares last traded at GBX 1,830 ($23.73), with a volume of 317,499 shares traded.

The business has a 50 day moving average of GBX 1,814.06 and a two-hundred day moving average of GBX 1,849.31. The stock has a market capitalization of £2.63 billion, a PE ratio of 1,129.63 and a beta of 0.40. The company has a debt-to-equity ratio of 7.81, a quick ratio of 1.06 and a current ratio of 1.41.

In other news, insider Hannah Rothschild sold 53,476 shares of RIT Capital Partners stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of GBX 1,870 ($24.25), for a total value of £1,000,001.20 ($1,296,850.21). Insiders own 41.36% of the company's stock.

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).

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