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

Ruffer Investment Company Limited (LON:RICA)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 279.11 ($3.76) and traded as low as GBX 279 ($3.75). Ruffer Investment shares last traded at GBX 280 ($3.77), with a volume of 646,662 shares changing hands.

Ruffer Investment Price Performance

The firm has a 50-day simple moving average of GBX 279.11 and a 200 day simple moving average of GBX 275.36. The firm has a market cap of £900.97 million, a PE ratio of 101.85 and a beta of 0.25.

Ruffer Investment (LON:RICA) last posted its quarterly earnings results on Wednesday, March 12th. The company reported GBX 3 ($0.04) earnings per share (EPS) for the quarter. Ruffer Investment had a return on equity of 0.96% and a net margin of 51.94%.

Ruffer Investment Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 20th were paid a dividend of GBX 2.85 ($0.04) per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a dividend yield of 1.03%. Ruffer Investment’s dividend payout ratio is currently 181.87%.

Insider Activity at Ruffer Investment

In other Ruffer Investment news, insider Colleen McHugh purchased 4,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of GBX 276 ($3.71) per share, with a total value of £11,040 ($14,854.68). 0.23% of the stock is currently owned by corporate 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.