Ruffer Investment (LON:RICA) Stock Passes Above 50 Day Moving Average – Time to Sell?

Shares of Ruffer Investment Company Limited (LON:RICA) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 307.34 and traded as high as GBX 314. Ruffer Investment shares last traded at GBX 312.75, with a volume of 678,010 shares traded.

Ruffer Investment Stock Down 1.0%

The firm has a 50-day moving average price of GBX 307.63 and a two-hundred day moving average price of GBX 300.64. The company has a market capitalization of £905.54 million, a P/E ratio of 24.35 and a beta of 0.21.

Ruffer Investment (LON:RICA) last released its earnings results on Wednesday, March 18th. The company reported GBX 3.14 EPS for the quarter. Ruffer Investment had a net margin of 62.53% and a return on equity of 4.37%.

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.