Shares of Ruffer Investment Company Limited (LON:RICA - Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 269.94 ($3.30) and traded as low as GBX 265 ($3.24). Ruffer Investment shares last traded at GBX 267.50 ($3.27), with a volume of 1,102,010 shares changing hands.
The stock has a market cap of £923.09 million, a price-to-earnings ratio of 8,866.33 and a beta of 0.25. The stock's 50 day moving average is GBX 269.94 and its two-hundred day moving average is GBX 273.72.
In other news, insider Susie Farnon acquired 5,500 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average cost of GBX 268 ($3.27) per share, for a total transaction of £14,740 ($17,995.36). Insiders own 0.23% of the company's stock.
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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