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

Ruffer Investment Company Limited (LON:RICA)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 276.64 ($3.59) and traded as low as GBX 271.30 ($3.52). Ruffer Investment shares last traded at GBX 274.50 ($3.56), with a volume of 1,959,352 shares traded.

Ruffer Investment Stock Performance

The company has a market capitalization of £957.28 million, a PE ratio of 9,150.00 and a beta of 0.25. The stock’s 50-day moving average is GBX 276.53 and its two-hundred day moving average is GBX 274.47.

Ruffer Investment Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 11th. Investors of record on Thursday, September 26th were given a GBX 3.10 ($0.04) dividend. This is a positive change from Ruffer Investment’s previous dividend of $2.00. This represents a yield of 1.12%. The ex-dividend date of this dividend was Thursday, September 26th. Ruffer Investment’s dividend payout ratio is 16,666.67%.

Insider Buying and Selling

In other news, insider Colleen McHugh acquired 5,000 shares of Ruffer Investment stock in a transaction that occurred on Monday, August 19th. The shares were bought at an average cost of GBX 279 ($3.62) per share, with a total value of £13,950 ($18,112.18). 0.23% of the stock is currently owned by corporate insiders.

About Ruffer Investment

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.