Ruffer Investment (LON:RICA) Share Price Passes Above 50-Day Moving Average – What’s Next?

Ruffer Investment Company Limited (LON:RICAGet Free Report)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 295.12 and traded as high as GBX 299.66. Ruffer Investment shares last traded at GBX 299.50, with a volume of 2,204,727 shares trading hands.

Ruffer Investment Stock Up 0.3%

The company’s 50-day simple moving average is GBX 295.12 and its 200-day simple moving average is GBX 301.97. The stock has a market cap of £877.72 million, a price-to-earnings ratio of 10.56 and a beta of 0.43.

Insider Activity at Ruffer Investment

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

About Ruffer Investment

(Get Free Report)

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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