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RIT Capital Partners (LON:RCP) Shares Cross Above Fifty Day Moving Average - Should You Sell?

RIT Capital Partners logo with Financial Services background

RIT Capital Partners (LON:RCP - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 1,814.64 ($23.56) and traded as high as GBX 1,854 ($24.07). RIT Capital Partners shares last traded at GBX 1,835 ($23.82), with a volume of 294,561 shares trading hands.

RIT Capital Partners Trading Up 0.7 %

The business has a 50 day simple moving average of GBX 1,813.90 and a two-hundred day simple moving average of GBX 1,845.72. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 7.81. The stock has a market cap of £2.67 billion, a price-to-earnings ratio of 1,146.91 and a beta of 0.40.

RIT Capital Partners Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, October 3rd will be given a GBX 19.50 ($0.25) dividend. The ex-dividend date is Thursday, October 3rd. This represents a dividend yield of 1.02%. RIT Capital Partners's payout ratio is 2,407.41%.

Insider Transactions at RIT Capital Partners

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 stock was sold at an average price of GBX 1,870 ($24.28), for a total value of £1,000,001.20 ($1,298,365.62). Insiders own 41.36% of the company's stock.

About RIT Capital Partners

(Get Free Report)

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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