Ruffer Investment (LON:RICA) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Shares of Ruffer Investment Company Limited (LON:RICA) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 305.10 and traded as high as GBX 315.50. Ruffer Investment shares last traded at GBX 309, with a volume of 1,623,059 shares.

Ruffer Investment Stock Performance

The firm has a market cap of £912.21 million, a P/E ratio of 24.50 and a beta of 0.24. The firm’s fifty day simple moving average is GBX 305.10 and its 200 day simple moving average is GBX 297.92.

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

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.