Ruffer Investment (LON:RICA) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Ruffer Investment Company Limited (LON:RICA) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 294.88 and traded as high as GBX 299. Ruffer Investment shares last traded at GBX 298.13, with a volume of 2,639,847 shares traded.

Ruffer Investment Stock Down 0.5%

The stock has a fifty day moving average price of GBX 294.87 and a two-hundred day moving average price of GBX 302.13. The company has a market capitalization of £872.20 million, a price-to-earnings ratio of 10.50 and a beta of 0.43.

Insider Buying and Selling at Ruffer Investment

In other news, insider Nicholas Pink bought 5,000 shares of Ruffer Investment stock in a transaction that occurred on Thursday, June 25th. The shares were purchased at an average price of GBX 292 per share, for a total transaction of £14,600. 0.40% of the stock is currently owned by company insiders.

About Ruffer Investment

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.