RIT Capital Partners (LON:RCP) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

RIT Capital Partners (LON:RCP)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 1,927.86 ($23.72) and traded as high as GBX 1,960 ($24.12). RIT Capital Partners shares last traded at GBX 1,960 ($24.12), with a volume of 356,213 shares traded.

RIT Capital Partners Price Performance

The company has a fifty day simple moving average of GBX 1,927.86 and a 200 day simple moving average of GBX 1,869.78. The stock has a market capitalization of £2.79 billion, a price-to-earnings ratio of 1,198.77 and a beta of 0.40. The company has a debt-to-equity ratio of 7.81, a quick ratio of 1.06 and a current ratio of 1.41.

Insider Transactions at RIT Capital Partners

In other news, insider Helena Coles bought 1,002 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of GBX 1,996 ($24.56) per share, with a total value of £19,999.92 ($24,609.23). 41.36% of the stock is owned by corporate insiders.

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).