Ruffer Investment (LON:RICA) Shares Cross Above Fifty Day Moving Average – Time to Sell?

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 273.69 ($3.53) and traded as high as GBX 278.06 ($3.58). Ruffer Investment shares last traded at GBX 277 ($3.57), with a volume of 773,938 shares.

Ruffer Investment Stock Performance

The firm has a market capitalization of £887.86 million, a PE ratio of 100.37 and a beta of 0.25. The firm’s 50 day moving average price is GBX 273.69 and its 200-day moving average price is GBX 274.34.

Insider Activity

In related news, insider Susie Farnon purchased 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average cost of GBX 268 ($3.45) per share, with a total value of £14,740 ($18,999.74). Company insiders own 0.23% of the company’s stock.

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.