Rights & Issues Investment Trust (LON:RIII) Shares Up 3.4% – Time to Buy?

Rights & Issues Investment Trust (LON:RIII)’s stock price traded up 3.4% during mid-day trading on Friday . The company traded as high as GBX 1,866.38 ($24.07) and last traded at GBX 1,862 ($24.01). 1,891 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 5,601 shares. The stock had previously closed at GBX 1,800 ($23.21).

Rights & Issues Investment Trust Trading Up 3.4 %

The stock has a market capitalization of £90.01 million, a P/E ratio of 5.92 and a beta of 0.74. The company has a 50-day moving average price of GBX 1,991.84 and a 200 day moving average price of GBX 2,209.96.

Rights & Issues Investment Trust (LON:RIII) last announced its earnings results on Friday, February 21st. The company reported GBX 42.10 ($0.54) EPS for the quarter. Rights & Issues Investment Trust had a net margin of 93.27% and a return on equity of 12.60%.

About Rights & Issues Investment Trust

Rights and Issues Investment Trust Public Limited Company is a self-managed investment trust. The firm invests in public equity markets of the United Kingdom. It invests in stocks of small-cap companies. The firm benchmarks the performance of its portfolio against the FTSE All share index. Rights and Issues Investment Trust Public Limited Company was founded in 1963 and is based in London, United Kingdom.