Ruffer Investment (LON:RICA) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Ruffer Investment Company Limited (LON:RICAGet Free Report)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 302.60 and traded as low as GBX 291. Ruffer Investment shares last traded at GBX 293.42, with a volume of 447,316 shares changing hands.

Ruffer Investment Stock Up 0.1%

The stock has a market cap of £866.94 million, a P/E ratio of 23.27 and a beta of 0.20. The firm’s 50-day moving average is GBX 301.72 and its two-hundred day moving average is GBX 302.60.

Insider Activity at Ruffer Investment

In other Ruffer Investment news, insider Nicholas Pink purchased 5,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were acquired 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.

Ruffer Investment Company Profile

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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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