Ruffer Investment (LON:RICA) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of Ruffer Investment Company Limited (LON:RICA) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 278.49 ($3.70) and traded as high as GBX 280.56 ($3.73). Ruffer Investment shares last traded at GBX 279.50 ($3.71), with a volume of 768,174 shares trading hands.

Ruffer Investment Stock Performance

The firm has a market capitalization of £899.36 million, a P/E ratio of 101.67 and a beta of 0.25. The firm has a 50-day moving average of GBX 278.49 and a 200-day moving average of GBX 274.82.

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

Ruffer Investment Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 20th were issued a dividend of GBX 2.85 ($0.04) per share. This represents a dividend yield of 1.03%. The ex-dividend date of this dividend was Thursday, March 20th. Ruffer Investment’s payout ratio is presently 181.87%.

Insider Transactions at Ruffer Investment

In other news, insider Colleen McHugh acquired 4,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of GBX 276 ($3.67) per share, with a total value of £11,040 ($14,665.25). 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.