Ruffer Investment (LON:RICA) Share Price Passes 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 Thursday . The stock has a 50 day moving average of GBX 307.91 and traded as high as GBX 311.14. Ruffer Investment shares last traded at GBX 310.50, with a volume of 862,596 shares.

Ruffer Investment Stock Up 0.2%

The company has a market capitalization of £917.63 million, a price-to-earnings ratio of 24.67 and a beta of 0.21. The business has a fifty day simple moving average of GBX 307.91 and a two-hundred day simple moving average of GBX 301.03.

Ruffer Investment (LON:RICA) last announced its earnings results on Wednesday, March 18th. The company reported GBX 3.14 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.