Ruffer Investment (LON:RICA) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Ruffer Investment Company Limited (LON:RICA) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 296.51 and traded as high as GBX 300.50. Ruffer Investment shares last traded at GBX 299, with a volume of 354,672 shares traded.

Ruffer Investment Stock Down 0.0%

The firm’s 50 day simple moving average is GBX 296.63 and its 200 day simple moving average is GBX 301.48. The company has a market cap of £858.25 million, a price-to-earnings ratio of 10.53 and a beta of 0.43.

Insider Transactions at Ruffer Investment

In other Ruffer Investment news, insider Nicholas Pink bought 5,000 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were purchased at an average cost of GBX 292 per share, for a total transaction of £14,600. 0.41% of the stock is owned by company insiders.

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.