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

Rights & Issues Investment Trust (LON:RIII)’s share price rose 3.4% during mid-day trading on Friday . The stock traded as high as GBX 1,866.38 ($24.08) and last traded at GBX 1,862 ($24.02). Approximately 1,891 shares were traded during trading, a decline of 66% from the average daily volume of 5,601 shares. The stock had previously closed at GBX 1,800 ($23.22).

Rights & Issues Investment Trust Price Performance

The stock has a market cap of £90.01 million, a PE ratio of 5.92 and a beta of 0.74. The company’s fifty day moving average is GBX 1,991.84 and its 200-day moving average is GBX 2,211.28.

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

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.