Ruffer Investment (LON:RICA) Reaches New 1-Year High – Here’s What Happened

Ruffer Investment Company Limited (LON:RICA)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as GBX 309.50 and last traded at GBX 307.21, with a volume of 29302 shares trading hands. The stock had previously closed at GBX 305.50.

Ruffer Investment Stock Performance

The firm’s 50 day simple moving average is GBX 298.69 and its 200-day simple moving average is GBX 293.94. The company has a market capitalization of £902.05 million, a price-to-earnings ratio of 24.23 and a beta of 0.25.

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.