Ruffer Investment (LON:RICA) Share Price Crosses Above 50-Day Moving Average of $267.20

Ruffer Investment Company Limited (LON:RICA) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 267.20 ($3.36) and traded as high as GBX 271.50 ($3.41). Ruffer Investment shares last traded at GBX 270 ($3.39), with a volume of 667,005 shares trading hands.

Ruffer Investment Price Performance

The stock’s 50 day moving average is GBX 267.36 and its 200-day moving average is GBX 267.15. The company has a market capitalization of £1.00 billion, a P/E ratio of -1,292.86 and a beta of 0.25.

Ruffer Investment Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 22nd. Investors of record on Thursday, March 7th were paid a GBX 2 ($0.03) dividend. This represents a yield of 0.76%. This is a boost from Ruffer Investment’s previous dividend of $1.65. The ex-dividend date was Thursday, March 7th. Ruffer Investment’s dividend payout ratio is presently -1,904.76%.

Insider Buying and Selling at Ruffer Investment

In other Ruffer Investment news, insider Nicholas Pink bought 7,511 shares of the stock in a transaction dated Tuesday, April 9th. The stock was purchased at an average cost of GBX 266 ($3.34) per share, for a total transaction of £19,979.26 ($25,096.42). Insiders own 0.21% of the company’s stock.

Ruffer Investment Company Profile

Ruffer Investment Company Limited is a closed-ended balanced mutual fund of funds launched and managed by Ruffer AIFM Limited. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests either directly or through other funds in quoted equities or equity related securities and bonds which are issued by corporate issuers, supra-nationals, or government organizations.