Majedie Investments (LON:MAJE) Shares Pass Above 50-Day Moving Average – What’s Next?

Shares of Majedie Investments (LON:MAJE) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 249.94 ($3.12) and traded as high as GBX 263.99 ($3.30). Majedie Investments shares last traded at GBX 263.40 ($3.29), with a volume of 86,566 shares traded.

Majedie Investments Stock Up 0.4 %

The firm has a market capitalization of £137.80 million, a PE ratio of 838.71 and a beta of 0.87. 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 company has a fifty day simple moving average of GBX 251 and a two-hundred day simple moving average of GBX 240.55.

Majedie Investments Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 14th were paid a GBX 2.10 ($0.03) dividend. The ex-dividend date was Thursday, November 14th. This is a positive change from Majedie Investments’s previous dividend of $2.00. This represents a yield of 0.92%. Majedie Investments’s dividend payout ratio is 2,580.65%.

Majedie Investments Company Profile

Majedie Investments PLC is an investment trust founded in 1910 and managed by Marylebone Partners LLP.

Marylebone Partners combines investments from three complementary strategies sourced from around the globe into a single portfolio comprising hard-to-access special investments, external niche manager allocations and investments in publicly-listed companies.