Ruffer Investment (LON:RICA) Stock Passes Above 50-Day Moving Average of $269.45

Ruffer Investment Company Limited (LON:RICA)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 269.45 ($3.42) and traded as high as GBX 276.50 ($3.51). Ruffer Investment shares last traded at GBX 276.50 ($3.51), with a volume of 1,172,333 shares.

Ruffer Investment Stock Down 0.8 %

The business has a 50-day moving average price of GBX 269.45 and a 200-day moving average price of GBX 267.77. The firm has a market capitalization of £1.01 billion, a PE ratio of -1,316.67 and a beta of 0.24.

Ruffer Investment Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 22nd. Stockholders of record on Thursday, March 7th were given a GBX 2 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, March 7th. This is a positive change from Ruffer Investment’s previous dividend of $1.65. This represents a dividend yield of 0.76%. Ruffer Investment’s dividend payout ratio is -1,904.76%.

Insider Activity

In related news, insider Nicholas Pink purchased 7,511 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was acquired at an average cost of GBX 266 ($3.38) per share, for a total transaction of £19,979.26 ($25,393.06). Company insiders own 0.21% 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.