Ruffer Investment (LON:RICA) Shares Pass Below Fifty 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 298.83 and traded as low as GBX 291. Ruffer Investment shares last traded at GBX 294.50, with a volume of 576,437 shares.

Ruffer Investment Stock Up 0.5%

The company has a 50 day moving average price of GBX 298.83 and a 200-day moving average price of GBX 302.54. The company has a market cap of £868.67 million, a price-to-earnings ratio of 10.39 and a beta of 0.20.

Insiders Place Their Bets

In other Ruffer Investment news, insider Nicholas Pink purchased 5,000 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was purchased at an average cost of GBX 292 per share, for a total transaction of £14,600. 0.40% of the stock is owned by insiders.

Ruffer Investment Company Profile

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.