Ruffer Investment (LON:RICA) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Ruffer Investment Company Limited (LON:RICAGet Free Report)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 297.40 and traded as low as GBX 292.36. Ruffer Investment shares last traded at GBX 293.50, with a volume of 539,944 shares.

Ruffer Investment Price Performance

The company has a 50 day moving average price of GBX 297.40 and a two-hundred day moving average price of GBX 302.61. The stock has a market cap of £865.72 million, a PE ratio of 10.35 and a beta of 0.20.

Insider Buying and Selling

In other Ruffer Investment news, insider Nicholas Pink bought 5,000 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was acquired at an average price of GBX 292 per share, with a total value of £14,600. Insiders own 0.40% of the company’s stock.

About Ruffer Investment

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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.

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