Ruffer Investment (LON:RICA) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Shares of Ruffer Investment Company Limited (LON:RICA) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 272.37 ($3.44) and traded as high as GBX 281 ($3.55). Ruffer Investment shares last traded at GBX 280.50 ($3.54), with a volume of 911,240 shares.

Ruffer Investment Stock Performance

The company has a market capitalization of £902.58 million, a P/E ratio of 102.03 and a beta of 0.25. The firm’s fifty day moving average is GBX 272.37 and its 200 day moving average is GBX 274.59.

Insider Buying and Selling at Ruffer Investment

In other Ruffer Investment news, insider Susie Farnon bought 5,500 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of GBX 268 ($3.39) per share, for a total transaction of £14,740 ($18,622.87). Company insiders own 0.23% of the company’s stock.

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.