Ruffer Investment (LON:RICA) Stock Price Up 0.3% – Here’s What Happened

Ruffer Investment Company Limited (LON:RICA)’s stock price rose 0.3% during mid-day trading on Monday. The company traded as high as GBX 296.50 and last traded at GBX 291.50. 396,796 shares changed hands during trading, a decline of 57% from the average session volume of 924,420 shares. The stock had previously closed at GBX 290.50.

Ruffer Investment Stock Performance

The stock’s fifty day simple moving average is GBX 294.53 and its two-hundred day simple moving average is GBX 300.23. The company has a market capitalization of £822.42 million, a price-to-earnings ratio of 21.66 and a beta of 0.42.

Ruffer Investment (LON:RICA) last released its earnings results on Wednesday, September 30th. The company reported GBX 6.47 EPS for the quarter. Ruffer Investment had a net margin of 68.32% and a return on equity of 4.46%.

Insiders Place Their Bets

In related news, insider Nicholas Pink purchased 8,231 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The shares were purchased at an average price of GBX 295 per share, with a total value of £24,281.45. Corporate insiders own 0.42% 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.