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

Ruffer Investment Company Limited (LON:RICA) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 269.80 ($3.32) and traded as low as GBX 269.03 ($3.31). Ruffer Investment shares last traded at GBX 273.50 ($3.37), with a volume of 672,747 shares trading hands.

Ruffer Investment Stock Down 1.1 %

The company has a market cap of £938.74 million, a price-to-earnings ratio of 9,016.67 and a beta of 0.25. The business has a 50-day simple moving average of GBX 269.80 and a two-hundred day simple moving average of GBX 273.70.

Insider Buying and Selling at Ruffer Investment

In other Ruffer Investment news, insider Susie Farnon acquired 5,500 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of GBX 268 ($3.30) per share, with a total value of £14,740 ($18,146.01). Corporate insiders own 0.23% of the company’s stock.

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.