Romanian Investment Fund (NYSEAMERICAN:RIF) Shares Pass Below 50-Day Moving Average – Here’s Why

Shares of Romanian Investment Fund (NYSEAMERICAN:RIF) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $11.90 and traded as low as $11.69. Romanian Investment Fund shares last traded at $11.90, with a volume of 60,100 shares changing hands.

Romanian Investment Fund Trading Up 1.2%

The firm has a fifty day moving average of $11.90 and a two-hundred day moving average of $11.90.

Romanian Investment Fund Company Profile

Romanian Investment Fund is a closed-end investment company listed on the NYSE American under the ticker RIF. The fund’s primary objective is long-term capital appreciation through equity investments in Romanian companies across a range of industries, including financial services, industrials, consumer goods and real estate. By pooling capital into a diversified portfolio of publicly traded and privately placed Romanian securities, the fund offers investors targeted exposure to the country’s growing economy and capital markets.

The fund is managed by a Bucharest-based team that conducts fundamental research and company analysis to identify growth opportunities and attractively valued equities.