Ruffer Investment (LON:RICA) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Ruffer Investment Company Limited (LON:RICA)’s share price crossed 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 traded.

Ruffer Investment Trading Up 0.5%

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

Insider Activity

In other Ruffer Investment news, insider Nicholas Pink acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was purchased at an average cost of GBX 292 per share, with a total value of £14,600. Insiders own 0.40% of the company’s stock.

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.