Ruffer Investment (LON:RICA) Shares Cross Above 50 Day Moving Average – What’s Next?

Ruffer Investment Company Limited (LON:RICA)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 284.08 ($3.82) and traded as high as GBX 286.50 ($3.85). Ruffer Investment shares last traded at GBX 284.50 ($3.83), with a volume of 893,945 shares.

Ruffer Investment Trading Down 0.1%

The stock’s 50-day moving average price is GBX 284.08 and its 200-day moving average price is GBX 280.67. The company has a market capitalization of £914.56 million, a P/E ratio of 103.39 and a beta of 0.25.

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.