Rights & Issues Investment Trust (LON:RIII) Trading Up 7.1% – Here’s Why

Rights & Issues Investment Trust (LON:RIII) was up 7.1% on Thursday . The company traded as high as GBX 2,400 ($31.12) and last traded at GBX 2,400 ($31.12). Approximately 1,043 shares were traded during trading, a decline of 79% from the average daily volume of 4,885 shares. The stock had previously closed at GBX 2,240 ($29.05).

Rights & Issues Investment Trust Stock Up 7.1 %

The business’s 50 day moving average is GBX 2,376.81 and its two-hundred day moving average is GBX 2,352.50. The firm has a market cap of £128.16 million, a P/E ratio of 3,934.43 and a beta of 0.74.

Rights & Issues Investment Trust Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, September 27th. Investors of record on Thursday, August 22nd were paid a dividend of GBX 12 ($0.16) per share. This represents a yield of 0.49%. The ex-dividend date was Thursday, August 22nd. Rights & Issues Investment Trust’s dividend payout ratio is presently 7,049.18%.

Rights & Issues Investment Trust Company Profile

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.