Ruffer Investment (LON:RICA) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Ruffer Investment Company Limited (LON:RICA)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 307.86 and traded as high as GBX 309.47. Ruffer Investment shares last traded at GBX 307.03, with a volume of 838,747 shares traded.

Ruffer Investment Price Performance

The firm has a market cap of £907.15 million, a P/E ratio of 24.35 and a beta of 0.21. The firm’s 50 day moving average is GBX 307.86 and its 200 day moving average is GBX 301.36.

Ruffer Investment (LON:RICA) last announced its earnings results on Wednesday, March 18th. The company reported GBX 3.14 earnings per share 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.