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

Shares of Ruffer Investment Company Limited (LON:RICA) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 295.26 and traded as high as GBX 299.89. Ruffer Investment shares last traded at GBX 298, with a volume of 1,127,276 shares traded.

Ruffer Investment Stock Up 0.6%

The firm has a market capitalization of £878.36 million, a price-to-earnings ratio of 10.57 and a beta of 0.43. The stock has a 50 day moving average of GBX 295.26 and a 200 day moving average of GBX 302.35.

Insider Transactions at Ruffer Investment

In other 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 price of GBX 292 per share, with a total value of £14,600. 0.40% of the stock is owned by 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.