Majedie Investments (LON:MAJE) Stock Crosses Above 50 Day Moving Average – What’s Next?

Majedie Investments (LON:MAJE)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 235.77 ($2.97) and traded as high as GBX 236 ($2.97). Majedie Investments shares last traded at GBX 234.99 ($2.96), with a volume of 8,786 shares changing hands.

Majedie Investments Price Performance

The stock’s 50-day moving average is GBX 235.77 and its 200 day moving average is GBX 237.52. The company has a debt-to-equity ratio of 14.44, a quick ratio of 8.62 and a current ratio of 0.22. The stock has a market capitalization of £124.55 million, a PE ratio of 758.04 and a beta of 0.87.

Majedie Investments Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 14th will be issued a dividend of GBX 2.10 ($0.03) per share. This is a positive change from Majedie Investments’s previous dividend of $2.00. The ex-dividend date of this dividend is Thursday, November 14th. This represents a dividend yield of 0.92%. Majedie Investments’s dividend payout ratio (DPR) is presently 2,580.65%.

About Majedie Investments

Majedie Investments PLC is a public fund launched and managed by Majedie Asset Management Limited. The fund invests in public equity markets across the globe. Majedie Investments PLC was formed in October 1985 and is based in London, United Kingdom.