Ruffer Investment (LON:RICA) Shares Cross Below 200 Day Moving Average – Here’s Why

Ruffer Investment Company Limited (LON:RICA) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 301.81 and traded as low as GBX 297.50. Ruffer Investment shares last traded at GBX 298.50, with a volume of 558,297 shares changing hands.

Ruffer Investment Stock Performance

The company has a market cap of £859.82 million, a price-to-earnings ratio of 10.55 and a beta of 0.43. The company has a 50-day simple moving average of GBX 295.92 and a 200-day simple moving average of GBX 301.76.

Insider Buying and Selling at Ruffer Investment

In other Ruffer Investment news, insider Nicholas Pink acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were purchased at an average price of GBX 292 per share, with a total value of £14,600. 0.41% of the stock is currently owned by company insiders.

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.