Ruffer Investment (LON:RICA) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Ruffer Investment Company Limited (LON:RICA)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 297.40 and traded as low as GBX 292.36. Ruffer Investment shares last traded at GBX 293.50, with a volume of 539,944 shares traded.

Ruffer Investment Stock Performance

The stock has a market capitalization of £865.72 million, a P/E ratio of 10.35 and a beta of 0.20. The firm has a fifty day moving average price of GBX 297.40 and a two-hundred day moving average price of GBX 302.61.

Insider Activity at Ruffer Investment

In other Ruffer Investment news, insider Nicholas Pink acquired 5,000 shares of the stock in a transaction dated Thursday, June 25th. The shares were purchased at an average price of GBX 292 per share, for a total transaction of £14,600. 0.40% of the stock is owned by insiders.

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.