Ruffer Investment (LON:RICA) Shares Pass Below 50 Day Moving Average – What’s Next?

Ruffer Investment Company Limited (LON:RICA)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 295.73 and traded as low as GBX 292.50. Ruffer Investment shares last traded at GBX 294, with a volume of 1,451,889 shares changing hands.

Ruffer Investment Price Performance

The stock’s 50-day simple moving average is GBX 295.73 and its two-hundred day simple moving average is GBX 288.72. The firm has a market capitalization of £872.44 million, a P/E ratio of 23.31 and a beta of 0.25.

Ruffer Investment (LON:RICA) last released its earnings results on Wednesday, October 1st. The company reported GBX 5.78 earnings per share (EPS) for the quarter. Ruffer Investment had a return on equity of 0.96% and a net margin of 51.94%.

Insiders Place Their Bets

In related news, insider Shelagh Mason acquired 6,802 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was acquired at an average price of GBX 295 per share, with a total value of £20,065.90. Also, insider Colleen McHugh acquired 4,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were purchased at an average price of GBX 294 per share, with a total value of £11,760. Insiders own 0.40% of the company’s stock.

About Ruffer Investment

Ruffer Investment Company Limited has a simple aim – consistent positive returns, regardless of how the financial markets perform.

We try not to lose money in any 12 month period, and to grow the value of our investors’ wealth over the long haul.

If we can do this, we should outpace inflation, protecting and increasing the real value of our investors’ income and capital.

The specific investment objective of the Company is to produce a positive total return greater than twice Bank of England Bank Rate.