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

Ruffer Investment Company Limited (LON:RICAGet Free Report) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 296.15 and traded as low as GBX 288.50. Ruffer Investment shares last traded at GBX 292.50, with a volume of 4,018,717 shares trading hands.

Ruffer Investment Trading Up 0.2%

The stock’s 50 day moving average price is GBX 296.15 and its 200 day moving average price is GBX 302.52. The company has a market cap of £864.24 million, a price-to-earnings ratio of 10.34 and a beta of 0.43.

Insider Transactions at Ruffer Investment

In related news, insider Nicholas Pink bought 5,000 shares of the stock in a transaction that occurred on Thursday, June 25th. The stock was purchased at an average cost of GBX 292 per share, for a total transaction of £14,600. Insiders own 0.40% of the company’s stock.

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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