Majedie Investments (LON:MAJE) Stock Passes Above 50-Day Moving Average of $242.28

Majedie Investments (LON:MAJE)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 242.28 ($3.06) and traded as high as GBX 246 ($3.11). Majedie Investments shares last traded at GBX 246 ($3.11), with a volume of 76,459 shares changing hands.

Majedie Investments Price Performance

The company’s fifty day moving average price is GBX 242.28 and its two-hundred day moving average price is GBX 237.34. The company has a quick ratio of 8.62, a current ratio of 5.76 and a debt-to-equity ratio of 16.23. The company has a market cap of £130.38 million, a price-to-earnings ratio of 793.55 and a beta of 0.88.

Majedie Investments Increases Dividend

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

Insider Transactions at Majedie Investments

In related news, insider Heinrich Merz bought 41,416 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were acquired at an average price of GBX 241 ($3.05) per share, for a total transaction of £99,812.56 ($126,249.13). In other news, insider J M. William Barlow sold 750,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of GBX 240 ($3.04), for a total value of £1,800,000 ($2,276,751.83). Also, insider Heinrich Merz bought 41,416 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was purchased at an average price of GBX 241 ($3.05) per share, with a total value of £99,812.56 ($126,249.13). 58.43% of the stock is currently owned by insiders.

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.