Ruffer Investment (LON:RICA) Shares Cross Above 50 Day Moving Average - Here's Why

Key Points

• The share price of Ruffer Investment Company Limited (LON:RICA) has surpassed its 50-day moving average of GBX 284.08, indicating a potential upward trend in trading.
• The stock traded as high as GBX 286.50, with its current trading price at GBX 284.50, reflecting a slight decrease of 0.1% in trading.
• The company's investment strategy focuses on delivering consistent positive returns while aiming to outpace inflation and protect the real value of investors' income and capital.

Ruffer Investment Company Limited (LON:RICA - Get Free Report)'s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 284.08 ($3.82) and traded as high as GBX 286.50 ($3.85). Ruffer Investment shares last traded at GBX 284.50 ($3.83), with a volume of 893,945 shares changing hands.

Ruffer Investment Stock Down 0.4%

The company has a market capitalization of £913.84 million, a PE ratio of 103.30 and a beta of 0.25. The stock's fifty day simple moving average is GBX 284.13 and its 200-day simple moving average is GBX 280.90.

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.