Ruffer Investment (LON:RICA) Stock Passes Below 50 Day Moving Average – Here’s Why

Ruffer Investment Company Limited (LON:RICA)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 269.80 ($3.32) and traded as low as GBX 269.03 ($3.31). Ruffer Investment shares last traded at GBX 273.50 ($3.37), with a volume of 672,747 shares traded.

Ruffer Investment Price Performance

The firm has a market cap of £938.74 million, a price-to-earnings ratio of 9,016.67 and a beta of 0.25. The stock’s fifty day moving average price is GBX 269.80 and its 200-day moving average price is GBX 273.70.

Insider Buying and Selling at Ruffer Investment

In related news, insider Susie Farnon purchased 5,500 shares of Ruffer Investment stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of GBX 268 ($3.30) per share, with a total value of £14,740 ($18,146.01). Company insiders own 0.23% of the company’s stock.

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.