Ruffer Investment (LON:RICA) Share Price Passes Below 50 Day Moving Average – Should You Sell?

Ruffer Investment Company Limited (LON:RICA) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 276.64 ($3.59) and traded as low as GBX 271.30 ($3.52). Ruffer Investment shares last traded at GBX 274.50 ($3.56), with a volume of 1,959,352 shares.

Ruffer Investment Price Performance

The stock has a market cap of £949.43 million, a P/E ratio of 9,150.00 and a beta of 0.25. The business’s 50 day simple moving average is GBX 276.64 and its 200 day simple moving average is GBX 274.42.

Ruffer Investment Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, September 26th were paid a dividend of GBX 3.10 ($0.04) per share. This is a boost from Ruffer Investment’s previous dividend of $2.00. The ex-dividend date of this dividend was Thursday, September 26th. This represents a yield of 1.12%. Ruffer Investment’s dividend payout ratio (DPR) is currently 16,666.67%.

Insiders Place Their Bets

In other news, insider Colleen McHugh acquired 5,000 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was bought at an average price of GBX 279 ($3.62) per share, with a total value of £13,950 ($18,112.18). Corporate insiders own 0.23% of the company’s stock.

About Ruffer Investment

Ruffer Investment Company Limited is a closed-ended balanced mutual fund of funds launched and managed by Ruffer AIFM Limited. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests either directly or through other funds in quoted equities or equity related securities and bonds which are issued by corporate issuers, supra-nationals, or government organizations.