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

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 276.59 ($3.58) and traded as low as GBX 274 ($3.55). Ruffer Investment shares last traded at GBX 275.50 ($3.57), with a volume of 6,273,734 shares.

Ruffer Investment Trading Down 0.2 %

The company’s 50 day moving average is GBX 276.59 and its 200 day moving average is GBX 274.11. The company has a market cap of £886.49 million, a PE ratio of 100.21 and a beta of 0.25.

Ruffer Investment (LON:RICA) last issued its earnings results on Wednesday, March 12th. The company reported GBX 3 ($0.04) EPS for the quarter. Ruffer Investment had a net margin of 51.94% and a return on equity of 0.96%.

Ruffer Investment Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 20th will be issued a GBX 2.85 ($0.04) dividend. This represents a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, March 20th. Ruffer Investment’s dividend payout ratio is 181.87%.

Insider Transactions at Ruffer Investment

In other Ruffer Investment news, insider Colleen McHugh purchased 4,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of GBX 276 ($3.57) per share, with a total value of £11,040 ($14,293.11). Corporate insiders own 0.23% of the company’s stock.

Ruffer Investment Company Profile

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.