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Ruffer Investment (LON:RICA) Stock Crosses Below Fifty Day Moving Average - Time to Sell?

Ruffer Investment logo with Financial Services background

Key Points

  • Ruffer Investment Company Limited's share price has dipped below its 50-day moving average of GBX 284.14, trading at GBX 283.50 with significant volume.
  • The company aims to produce consistently positive returns, focusing on protecting investors' capital and outpacing inflation over the long term.
  • Ruffer Investment has a market capitalization of £852.14 million and a notably high P/E ratio of -19,756.60, indicating potential valuation concerns.
  • MarketBeat previews top five stocks to own in October.

Ruffer Investment Company Limited (LON:RICA - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 284.14 ($3.83) and traded as low as GBX 283 ($3.82). Ruffer Investment shares last traded at GBX 283.50 ($3.82), with a volume of 437,062 shares changing hands.

Ruffer Investment Price Performance

The business's 50-day simple moving average is GBX 284.14 and its 200-day simple moving average is GBX 281.18. The stock has a market cap of £849.52 million, a PE ratio of -19,791.67 and a beta of 0.25.

About Ruffer Investment

(Get Free Report)

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.

Further Reading

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