RIT Capital Partners (LON:RCP) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

RIT Capital Partners (LON:RCP) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 2,226.83 and traded as low as GBX 2,180. RIT Capital Partners shares last traded at GBX 2,200, with a volume of 2,354,546 shares changing hands.

RIT Capital Partners Price Performance

The company’s 50-day moving average price is GBX 2,226.83 and its 200-day moving average price is GBX 2,107.43. The company has a debt-to-equity ratio of 7.81, a current ratio of 1.41 and a quick ratio of 1.06. The company has a market cap of £3.00 billion, a P/E ratio of 11.71 and a beta of 0.40.

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.