Ruffer Investment (LON:RICA) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Ruffer Investment Company Limited (LON:RICAGet Free Report)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 294.88 and traded as high as GBX 299. Ruffer Investment shares last traded at GBX 298.13, with a volume of 2,639,847 shares changing hands.

Ruffer Investment Price Performance

The firm has a market capitalization of £873.33 million, a PE ratio of 10.51 and a beta of 0.43. The company has a 50-day moving average price of GBX 294.88 and a 200 day moving average price of GBX 302.16.

Insider Transactions at Ruffer Investment

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

Ruffer Investment Company Profile

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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.

Further Reading

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