Ruffer Investment (LON:RICA) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Ruffer Investment Company Limited (LON:RICA)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 276.64 ($3.59) and traded as low as GBX 271.30 ($3.52). Ruffer Investment shares last traded at GBX 274.50 ($3.56), with a volume of 1,959,352 shares.

Ruffer Investment Stock Performance

The company has a market cap of £957.28 million, a P/E ratio of 9,150.00 and a beta of 0.25. The firm’s fifty day moving average is GBX 276.53 and its two-hundred day moving average is GBX 274.47.

Ruffer Investment Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, September 26th were issued a dividend of GBX 3.10 ($0.04) per share. This represents a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, September 26th. This is an increase from Ruffer Investment’s previous dividend of $2.00. Ruffer Investment’s dividend payout ratio is 16,666.67%.

Insider Buying and Selling at Ruffer Investment

In related news, insider Colleen McHugh acquired 5,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was acquired at an average price of GBX 279 ($3.62) per share, with a total value of £13,950 ($18,112.18). Insiders own 0.23% of the company’s stock.

Ruffer Investment Company Profile

Ruffer Investment Company Limited is a closed-ended balanced mutual fund of funds launched and managed by Ruffer AIFM Limited. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests either directly or through other funds in quoted equities or equity related securities and bonds which are issued by corporate issuers, supra-nationals, or government organizations.