Ruffer Investment (LON:RICA) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Ruffer Investment Company Limited (LON:RICA) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 302.60 and traded as low as GBX 291. Ruffer Investment shares last traded at GBX 293.42, with a volume of 447,316 shares.

Ruffer Investment Stock Performance

The business’s 50 day simple moving average is GBX 301.72 and its 200-day simple moving average is GBX 302.60. The company has a market cap of £866.94 million, a price-to-earnings ratio of 23.27 and a beta of 0.20.

Insider Transactions at Ruffer Investment

In other news, insider Nicholas Pink acquired 5,000 shares of Ruffer Investment stock in a transaction that occurred on Thursday, June 25th. The stock was purchased at an average price of GBX 292 per share, with a total value of £14,600. Insiders own 0.40% 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.