Ruffer Investment (LON:RICA) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Shares of Ruffer Investment Company Limited (LON:RICA) crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of GBX 296.65 and traded as low as GBX 289.49. Ruffer Investment shares last traded at GBX 291, with a volume of 522,991 shares traded.

Ruffer Investment Stock Up 0.3%

The company’s fifty day moving average price is GBX 296.65 and its two-hundred day moving average price is GBX 299.41. The firm has a market cap of £832.63 million, a PE ratio of 21.62 and a beta of 0.43.

Ruffer Investment (LON:RICA) last posted its quarterly earnings results on Wednesday, September 30th. The company reported GBX 6.47 earnings per share (EPS) for the quarter. Ruffer Investment had a net margin of 68.32% and a return on equity of 4.46%.

Insiders Place Their Bets

In other Ruffer Investment news, insider Nicholas Pink bought 8,231 shares of the company’s stock in a transaction on Friday, October 2nd. The shares were bought at an average price of GBX 295 per share, for a total transaction of £24,281.45. Corporate insiders own 0.41% 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.