Ruffer Investment (LON:RICA) Share Price Crosses Below Fifty Day Moving Average - Here's What Happened

Ruffer Investment Company Limited (LON:RICA - Get Free Report)'s share price 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.

Ruffer Investment Stock Performance

The company has a 50 day moving average of GBX 269.93 and a two-hundred day moving average of GBX 273.69. The stock has a market capitalization of £937.01 million, a PE ratio of 9,000.00 and a beta of 0.25.

Insiders Place Their Bets

In other news, insider Susie Farnon acquired 5,500 shares of the firm's stock in a transaction on Thursday, December 19th. The stock was acquired at an average price of GBX 268 ($3.28) per share, for a total transaction of £14,740 ($18,041.62). Corporate insiders own 0.23% of the company's stock.

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.