Ruffer Investment (LON:RICA) Shares Cross Below 50-Day Moving Average of $265.35

Ruffer Investment Company Limited (LON:RICA) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 265.35 ($3.30) and traded as low as GBX 265 ($3.30). Ruffer Investment shares last traded at GBX 268 ($3.34), with a volume of 1,245,086 shares.

Ruffer Investment Price Performance

The firm’s 50 day moving average price is GBX 265.53 and its 200-day moving average price is GBX 266.95. The stock has a market cap of £1.03 billion, a P/E ratio of -2,715.00 and a beta of 0.24.

Ruffer Investment Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 22nd. Stockholders of record on Thursday, March 7th were paid a GBX 2 ($0.02) dividend. This represents a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Ruffer Investment’s previous dividend of $1.65. Ruffer Investment’s dividend payout ratio is currently -3,000.00%.

Insider Activity at Ruffer Investment

In related news, insider Nicholas Pink acquired 7,511 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were bought at an average price of GBX 266 ($3.31) per share, for a total transaction of £19,979.26 ($24,871.48). 0.39% of the stock is owned by insiders.

Ruffer Investment Company Profile

Ruffer Investment Company Limited is a closed-ended balanced mutual fund of funds launched and managed by Ruffer AIFM Limited. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests either directly or through other funds in quoted equities or equity related securities and bonds which are issued by corporate issuers, supra-nationals, or government organizations.