Rights & Issues Investment Trust (LON:RIII) Trading Down 0.6% – What’s Next?

Rights & Issues Investment Trust (LON:RIII) shares fell 0.6% during mid-day trading on Thursday . The company traded as low as GBX 2,432 and last traded at GBX 2,455. Approximately 14,476 shares changed hands during mid-day trading, an increase of 130% from the average session volume of 6,283 shares. The stock had previously closed at GBX 2,470.

Rights & Issues Investment Trust Stock Performance

The company has a 50-day moving average of GBX 2,307.48 and a 200 day moving average of GBX 2,207.63. The firm has a market cap of £114.87 million, a P/E ratio of 24.77 and a beta of 0.94.

Rights & Issues Investment Trust (LON:RIII) last announced its quarterly earnings results on Thursday, August 6th. The company reported GBX 132 earnings per share for the quarter. Rights & Issues Investment Trust had a return on equity of 4.92% and a net margin of 23.36%.

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.