Majedie Investments (LON:MAJE) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

Majedie Investments (LON:MAJE) shares 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 Price Performance

The company has a quick ratio of 8.62, a current ratio of 0.22 and a debt-to-equity ratio of 14.44. The company has a market capitalization of £137.80 million, a PE ratio of 838.71 and a beta of 0.87. The firm’s 50 day simple moving average is GBX 251 and its 200 day simple moving average is GBX 240.55.

Majedie Investments Increases Dividend

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