Ruffer Investment (LON:RICA) Stock Price Up 2% - What's Next?

Key Points

• Ruffer Investment Company Limited shares increased by 2% during trading, reaching GBX 301.50 ($4.01), with a trading volume of approximately 553,595 shares, significantly below its average daily volume.
• The company reported a quarterly earnings per share (EPS) of GBX 5.78 and has a market capitalization of £894.69 million, alongside a PE ratio of 23.91.
• Insider Shelagh Mason purchased 6,802 shares at an average cost of GBX 295, reflecting confidence in the company's prospects as insiders own only 0.39% of the stock.

Ruffer Investment Company Limited (LON:RICA - Get Free Report) shares rose 2% during trading on Friday . The stock traded as high as GBX 301.50 ($4.01) and last traded at GBX 301.50 ($4.01). Approximately 553,595 shares changed hands during trading, a decline of 39% from the average daily volume of 904,821 shares. The stock had previously closed at GBX 295.50 ($3.93).

Ruffer Investment Stock Performance

The firm has a fifty day simple moving average of GBX 289.73 and a 200 day simple moving average of GBX 284.48. The company has a market capitalization of £894.69 million, a PE ratio of 23.91 and a beta of 0.25.

Ruffer Investment (LON:RICA - Get Free Report) last released its quarterly earnings data on Wednesday, October 1st. The company reported GBX 5.78 EPS for the quarter. Ruffer Investment had a return on equity of 0.96% and a net margin of 51.94%.

Insider Buying and Selling

In related news, insider Shelagh Mason purchased 6,802 shares of the business's stock in a transaction dated Thursday, October 2nd. The shares were acquired at an average cost of GBX 295 per share, for a total transaction of £20,065.90. 0.39% of the stock is owned by 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.

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