RIT Capital Partners (LON:RCP) Reaches New 12-Month High – Still a Buy?

RIT Capital Partners (LON:RCP) shares hit a new 52-week high during trading on Monday . The company traded as high as GBX 2,615 and last traded at GBX 2,600, with a volume of 96190 shares trading hands. The stock had previously closed at GBX 2,565.

RIT Capital Partners Trading Up 1.8%

The company has a current ratio of 2.21, a quick ratio of 1.06 and a debt-to-equity ratio of 7.53. The company has a market cap of £3.52 billion, a PE ratio of 7.98 and a beta of 0.70. The business’s 50-day simple moving average is GBX 2,367.95 and its 200-day simple moving average is GBX 2,246.91.

RIT Capital Partners (LON:RCP) last issued its earnings results on Friday, July 10th. The company reported GBX (1.90) earnings per share (EPS) for the quarter. RIT Capital Partners had a net margin of 277.36% and a return on equity of 11.79%.

Insider Activity

In other news, insider Helena Coles acquired 330 shares of RIT Capital Partners stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average price of GBX 2,188 per share, with a total value of £7,220.40. Insiders acquired 944 shares of company stock worth $2,065,794 in the last ninety days. 20.00% 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). 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.