Ruffer Investment (LON:RICA) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Ruffer Investment Company Limited (LON:RICAGet Free Report) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 298.83 and traded as low as GBX 291. Ruffer Investment shares last traded at GBX 294.50, with a volume of 576,437 shares traded.

Ruffer Investment Price Performance

The firm has a market cap of £868.67 million, a PE ratio of 10.39 and a beta of 0.20. The company’s 50 day moving average price is GBX 298.83 and its 200 day moving average price is GBX 302.54.

Insider Transactions at Ruffer Investment

In other Ruffer Investment news, insider Nicholas Pink bought 5,000 shares of Ruffer Investment stock in a transaction on Thursday, June 25th. The shares were bought at an average cost of GBX 292 per share, for a total transaction of £14,600. 0.40% of the stock is currently owned by company insiders.

About Ruffer Investment

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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.

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