Ruffer Investment (LON:RICA) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Ruffer Investment Company Limited (LON:RICA)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 307.91 and traded as high as GBX 311.14. Ruffer Investment shares last traded at GBX 310.50, with a volume of 862,596 shares.

Ruffer Investment Stock Down 0.5%

The stock’s fifty day moving average price is GBX 307.91 and its two-hundred day moving average price is GBX 301.03. The company has a market capitalization of £911.51 million, a PE ratio of 24.51 and a beta of 0.21.

Ruffer Investment (LON:RICA) last posted its earnings results on Wednesday, March 18th. The company reported GBX 3.14 earnings per share for the quarter. Ruffer Investment had a net margin of 62.53% and a return on equity of 4.37%.

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.