RIT Capital Partners (LON:RCP) Stock Crosses Below 50 Day Moving Average - Here's Why

RIT Capital Partners (LON:RCP - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 1,959.43 ($25.38) and traded as low as GBX 1,898 ($24.59). RIT Capital Partners shares last traded at GBX 1,900 ($24.61), with a volume of 226,220 shares changing hands.

RIT Capital Partners Stock Up 1.0 %

The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 7.81. The company has a market capitalization of £2.73 billion, a P/E ratio of 16.36 and a beta of 0.40. The firm has a fifty day simple moving average of GBX 1,955.27 and a 200-day simple moving average of GBX 1,897.16.

RIT Capital Partners (LON:RCP - Get Free Report) last announced its earnings results on Monday, March 3rd. The company reported GBX (6.40) (($0.08)) EPS for the quarter. RIT Capital Partners had a return on equity of 4.70% and a net margin of 162.20%.

About RIT Capital Partners

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).