Majedie Investments (LON:MAJE) Hits New 52-Week High – Still a Buy?

Majedie Investments (LON:MAJE)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 272 ($3.31) and last traded at GBX 272 ($3.31), with a volume of 17979 shares changing hands. The stock had previously closed at GBX 264 ($3.21).

Majedie Investments Trading Down 2.6 %

The firm has a market cap of £140.41 million, a P/E ratio of 854.58 and a beta of 0.87. The company has a current ratio of 0.22, a quick ratio of 8.62 and a debt-to-equity ratio of 14.44. The company’s fifty day moving average price is GBX 248.48 and its two-hundred day moving average price is GBX 239.78.

Majedie Investments Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 14th were paid a dividend of GBX 2.10 ($0.03) per share. This represents a yield of 0.92%. This is a boost from Majedie Investments’s previous dividend of $2.00. The ex-dividend date of this dividend was Thursday, November 14th. Majedie Investments’s dividend payout ratio is currently 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.