RIT Capital Partners (LON:RCP) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

RIT Capital Partners (LON:RCP) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,189.84 and traded as low as GBX 2,180. RIT Capital Partners shares last traded at GBX 2,200, with a volume of 1,930,106 shares changing hands.

RIT Capital Partners Stock Performance

The company has a current ratio of 2.21, a quick ratio of 1.06 and a debt-to-equity ratio of 7.53. The firm has a 50-day moving average of GBX 2,163.15 and a 200-day moving average of GBX 2,189.84. The stock has a market capitalization of £2.99 billion, a price-to-earnings ratio of 6.73 and a beta of 0.70.

RIT Capital Partners (LON:RCP) last released its earnings results on Tuesday, March 3rd. The company reported GBX 1.50 earnings per share (EPS) for the quarter. RIT Capital Partners had a return on equity of 11.79% and a net margin of 277.36%.

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). 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.