Ruffer Investment (LON:RICA) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Shares of Ruffer Investment Company Limited (LON:RICAGet Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 306.33 and traded as low as GBX 299.46. Ruffer Investment shares last traded at GBX 301, with a volume of 485,240 shares.

Ruffer Investment Stock Down 1.5%

The firm has a fifty day simple moving average of GBX 306.11 and a 200-day simple moving average of GBX 302.60. The company has a market cap of £880.48 million, a PE ratio of 23.63 and a beta of 0.20.

Ruffer Investment (LON:RICAGet Free Report) last released its quarterly earnings results on Wednesday, March 18th. The company reported GBX 3.14 EPS for the quarter. Ruffer Investment had a net margin of 62.53% and a return on equity of 4.37%.

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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