Ruffer Investment (LON:RICA) Shares Pass Below Fifty Day Moving Average – Here’s Why

Ruffer Investment Company Limited (LON:RICA)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 275.68 ($3.59) and traded as low as GBX 270.50 ($3.52). Ruffer Investment shares last traded at GBX 273 ($3.55), with a volume of 848,290 shares.

Ruffer Investment Trading Up 0.2 %

The company has a market capitalization of £947.42 million, a price-to-earnings ratio of 9,100.00 and a beta of 0.25. The stock’s fifty day simple moving average is GBX 275.68 and its 200-day simple moving average is GBX 274.70.

Ruffer Investment Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from Ruffer Investment’s previous dividend of $2.00. This represents a yield of 1.12%. Ruffer Investment’s dividend payout ratio is 16,666.67%.

Insiders Place Their Bets

In other news, insider Colleen McHugh acquired 5,000 shares of Ruffer Investment stock in a transaction dated Monday, August 19th. The shares were acquired at an average cost of GBX 279 ($3.63) per share, for a total transaction of £13,950 ($18,159.33). 0.23% of the stock is owned by company insiders.

About Ruffer Investment

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.