Ruffer Investment (LON:RICA) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Ruffer Investment Company Limited (LON:RICA) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 305.10 and traded as high as GBX 315.50. Ruffer Investment shares last traded at GBX 309, with a volume of 1,623,059 shares changing hands.

Ruffer Investment Stock Down 0.8%

The business’s fifty day moving average is GBX 305.10 and its two-hundred day moving average is GBX 297.92. The stock has a market capitalization of £912.21 million, a PE ratio of 24.50 and a beta of 0.24.

Ruffer Investment (LON:RICA) last released its quarterly earnings results on Wednesday, March 18th. The company reported GBX 3.14 earnings per share (EPS) for the quarter. Ruffer Investment had a net margin of 62.53% and a return on equity of 4.37%.

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.