Ruffer Investment (LON:RICA) Reaches New 52-Week High – Here’s Why

Ruffer Investment Company Limited (LON:RICA)’s share price reached a new 52-week high on Monday . The stock traded as high as GBX 307.83 and last traded at GBX 301.39, with a volume of 53425 shares traded. The stock had previously closed at GBX 299.

Ruffer Investment Price Performance

The company has a market capitalization of £894.37 million, a P/E ratio of 23.90 and a beta of 0.25. The firm has a fifty day moving average price of GBX 291.40 and a 200-day moving average price of GBX 285.36.

Ruffer Investment (LON:RICA) last released its earnings results on Wednesday, October 1st. The company reported GBX 5.78 earnings per share (EPS) for the quarter. Ruffer Investment had a return on equity of 0.96% and a net margin of 51.94%.

Insider Activity

In other Ruffer Investment news, insider Shelagh Mason bought 6,802 shares of Ruffer Investment stock in a transaction dated Thursday, October 2nd. The stock was bought at an average cost of GBX 295 per share, with a total value of £20,065.90. 0.39% of the stock is currently owned by corporate insiders.

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.