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

RIT Capital Partners (LON:RCP - Get Free Report) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 1,898.28 ($25.25) and traded as low as GBX 1,806 ($24.02). RIT Capital Partners shares last traded at GBX 1,820 ($24.21), with a volume of 146,917 shares trading hands.

RIT Capital Partners Price Performance

The business has a 50-day moving average price of GBX 1,886.56 and a 200 day moving average price of GBX 1,904.81. The stock has a market cap of £2.62 billion, a PE ratio of 15.72 and a beta of 0.40. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 7.81.

RIT Capital Partners (LON:RCP - Get Free Report) last posted its earnings results on Monday, March 3rd. The company reported GBX (6.40) (($0.09)) earnings per share for the quarter. RIT Capital Partners had a return on equity of 4.70% and a net margin of 162.20%.

RIT Capital Partners Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, April 25th. Shareholders of record on Thursday, April 3rd will be paid a GBX 21.50 ($0.29) dividend. This represents a yield of 1.14%. The ex-dividend date of this dividend is Thursday, April 3rd. This is a boost from RIT Capital Partners's previous dividend of $19.50. RIT Capital Partners's payout ratio is currently 33.71%.

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).