Ruffer Investment (LON:RICA) Hits New 1-Year High – What’s Next?

Ruffer Investment Company Limited (LON:RICA)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as GBX 312 and last traded at GBX 307.13, with a volume of 35871 shares trading hands. The stock had previously closed at GBX 305.50.

Ruffer Investment Price Performance

The stock has a fifty day simple moving average of GBX 299.90 and a two-hundred day simple moving average of GBX 294.69. The firm has a market capitalization of £902.42 million, a P/E ratio of 24.24 and a beta of 0.25.

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.