Majedie Investments (LON:MAJE) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Majedie Investments (LON:MAJE) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 264.82 and traded as high as GBX 268.61. Majedie Investments shares last traded at GBX 268.61, with a volume of 2,005 shares trading hands.

Majedie Investments Stock Performance

The firm has a market cap of £146.76 million, a price-to-earnings ratio of 12.25 and a beta of 0.87. The stock’s fifty day moving average is GBX 264.82 and its two-hundred day moving average is GBX 251.82.

Majedie Investments (LON:MAJE) last posted its earnings results on Monday, December 22nd. The company reported GBX 0.70 earnings per share (EPS) for the quarter. Majedie Investments had a net margin of 113.54% and a return on equity of 18.67%.

Insider Activity at Majedie Investments

In other Majedie Investments news, insider Richard W. Killingbeck purchased 10,000 shares of the stock in a transaction dated Thursday, October 23rd. The shares were bought at an average cost of GBX 245 per share, with a total value of £24,500. Also, insider Mark Little acquired 2,016 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were bought at an average price of GBX 248 per share, for a total transaction of £4,999.68. 35.11% of the stock is owned by company insiders.

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. Its focus on differentiated return sources provides a degree of risk diversification without diluting return potential.

Opportunities come from the skilled investment team and Marylebone’s global network of managers, practitioners and investors.