Ruffer Investment (LON:RICA) Shares Pass Above Fifty Day Moving Average – Should You Sell?

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 traded.

Ruffer Investment Price Performance

The firm has a market capitalization of £902.58 million, a PE ratio of 102.03 and a beta of 0.25. The stock has a 50-day moving average price of GBX 272.37 and a 200-day moving average price of GBX 274.57.

Insider Activity at Ruffer Investment

In other news, insider Susie Farnon acquired 5,500 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of GBX 268 ($3.39) per share, with a total value of £14,740 ($18,622.87). 0.23% of the stock is owned by corporate insiders.

Ruffer Investment Company Profile

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.