Majedie Investments (LON:MAJE) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of Majedie Investments (LON:MAJE) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 235.77 ($2.97) and traded as high as GBX 236 ($2.97). Majedie Investments shares last traded at GBX 234.99 ($2.96), with a volume of 8,786 shares trading hands.

Majedie Investments Stock Performance

The company has a quick ratio of 8.62, a current ratio of 0.22 and a debt-to-equity ratio of 14.44. The stock has a fifty day moving average price of GBX 235.77 and a 200-day moving average price of GBX 237.52. The firm has a market cap of £124.55 million, a price-to-earnings ratio of 758.04 and a beta of 0.87.

Majedie Investments Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 14th will be given a dividend of GBX 2.10 ($0.03) per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a yield of 0.92%. This is an increase from Majedie Investments’s previous dividend of $2.00. Majedie Investments’s dividend payout ratio is presently 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.