Rights & Issues Investment Trust (LON:RIII) Trading Down 2.1% – Here’s Why

Rights & Issues Investment Trust (LON:RIII) shares were down 2.1% during trading on Monday . The stock traded as low as GBX 1,975 ($26.38) and last traded at GBX 1,975 ($26.38). Approximately 3,205 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 5,122 shares. The stock had previously closed at GBX 2,017.43 ($26.95).

Rights & Issues Investment Trust Price Performance

The firm has a 50-day simple moving average of GBX 1,853.08 and a 200-day simple moving average of GBX 2,095.13. The firm has a market capitalization of £95.48 million, a PE ratio of 6.28 and a beta of 0.74.

Rights & Issues Investment Trust (LON:RIII) last posted its quarterly earnings data on Friday, February 21st. The company reported GBX 42.10 ($0.56) 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.