Majedie Investments (LON:MAJE) Stock Passes Below 200-Day Moving Average of $241.05

Majedie Investments (LON:MAJE) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 241.05 ($3.23) and traded as low as GBX 234 ($3.13). Majedie Investments shares last traded at GBX 234 ($3.13), with a volume of 15,061 shares changing hands.

Majedie Investments Price Performance

The company has a market capitalization of £124.02 million, a PE ratio of 754.84 and a beta of 0.87. The company has a debt-to-equity ratio of 14.44, a current ratio of 0.22 and a quick ratio of 8.62. The company’s 50 day simple moving average is GBX 235.54 and its 200 day simple moving average is GBX 241.05.

Majedie Investments Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 15th were issued a GBX 2 ($0.03) dividend. This represents a dividend yield of 0.86%. The ex-dividend date of this dividend was Thursday, August 15th. Majedie Investments’s payout ratio is currently 2,580.65%.

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.