Majedie Investments (LON:MAJE) Shares Pass Above Fifty Day Moving Average of $242.07

Majedie Investments (LON:MAJEGet Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 242.07 ($3.10) and traded as high as GBX 243.28 ($3.12). Majedie Investments shares last traded at GBX 241 ($3.09), with a volume of 32,358 shares.

Majedie Investments Stock Up 0.4 %

The company has a market capitalization of £127.73 million, a P/E ratio of 777.42 and a beta of 0.88. The company has a debt-to-equity ratio of 16.23, a quick ratio of 8.62 and a current ratio of 5.76. The stock has a 50 day moving average price of GBX 242.07 and a 200 day moving average price of GBX 237.90.

Majedie Investments Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, June 7th. Stockholders of record on Thursday, May 16th were paid a dividend of GBX 2 ($0.03) per share. This represents a dividend yield of 0.83%. This is a boost from Majedie Investments’s previous dividend of $1.90. The ex-dividend date of this dividend was Thursday, May 16th. Majedie Investments’s payout ratio is presently 2,580.65%.

Insider Transactions at Majedie Investments

In other news, insider Heinrich Merz acquired 41,416 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was bought at an average price of GBX 241 ($3.09) per share, with a total value of £99,812.56 ($127,850.08). In other news, insider Heinrich Merz acquired 41,416 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was bought at an average price of GBX 241 ($3.09) per share, with a total value of £99,812.56 ($127,850.08). Also, insider J M. William Barlow sold 750,000 shares of Majedie Investments stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of GBX 240 ($3.07), for a total value of £1,800,000 ($2,305,623.16). Company insiders own 58.43% of the company’s stock.

About Majedie Investments

(Get Free Report)

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.

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