Majedie Investments (LON:MAJE) Share Price Passes Above Fifty Day Moving Average of $239.34

Majedie Investments (LON:MAJE)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 239.34 ($3.03) and traded as high as GBX 246 ($3.11). Majedie Investments shares last traded at GBX 244 ($3.09), with a volume of 83,896 shares changing hands.

Majedie Investments Price Performance

The firm has a market capitalization of £129.32 million, a PE ratio of 787.10 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 business’s 50 day moving average is GBX 239.34 and its two-hundred day moving average is GBX 223.89.

Majedie Investments Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 8th. Stockholders of record on Thursday, February 15th were given a dividend of GBX 1.90 ($0.02) per share. This is a positive change from Majedie Investments’s previous dividend of $1.80. This represents a dividend yield of 0.83%. The ex-dividend date of this dividend was Thursday, February 15th. Majedie Investments’s payout ratio is 2,258.06%.

Majedie Investments Company Profile

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.