Ruffer Investment (LON:RICA) Shares Cross Below 50 Day Moving Average – Should You Sell?

Ruffer Investment Company Limited (LON:RICA) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 305.47 and traded as low as GBX 299. Ruffer Investment shares last traded at GBX 301.94, with a volume of 3,303,903 shares traded.

Ruffer Investment Stock Down 1.6%

The firm has a market capitalization of £891.37 million, a P/E ratio of 23.94 and a beta of 0.24. The business’s 50-day simple moving average is GBX 305.47 and its 200 day simple moving average is GBX 298.59.

Ruffer Investment (LON:RICA) last announced its quarterly earnings data on Wednesday, March 18th. The company reported GBX 3.14 earnings per share for the quarter. Ruffer Investment had a net margin of 62.53% and a return on equity of 4.37%.

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.