Ruffer Investment (LON:RICA) Reaches New 1-Year High - What's Next?

Key Points

• Ruffer Investment Company Limited shares reached a new 52-week high at GBX 384.50 ($5.19) during trading, showing strong interest with a volume of 152,441 shares traded.
• The company aims for consistent positive returns regardless of market performance, with a specific goal to produce a total return greater than twice the Bank of England Bank Rate.
• Ruffer Investment has a market capitalization of approximately £915.79 million and a high price-to-earnings ratio of 103.53, highlighting its valuation dynamics.

Shares of Ruffer Investment Company Limited (LON:RICA - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as GBX 384.50 ($5.21) and last traded at GBX 284.32 ($3.85), with a volume of 152441 shares trading hands. The stock had previously closed at GBX 284.50 ($3.86).

Ruffer Investment Stock Up 0.2%

The firm has a 50 day moving average of GBX 283.90 and a 200 day moving average of GBX 280.46. The firm has a market cap of £917.06 million, a price-to-earnings ratio of 103.67 and a beta of 0.25.

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.