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Majedie Investments (LON:MAJE) Reaches New 52-Week High - Still a Buy?

Majedie Investments logo with Financial Services background

Shares of Majedie Investments (LON:MAJE - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 260 ($3.27) and last traded at GBX 254.63 ($3.20), with a volume of 48298 shares. The stock had previously closed at GBX 256 ($3.22).

Majedie Investments Price Performance

The company has a current ratio of 0.22, a quick ratio of 8.62 and a debt-to-equity ratio of 14.44. The business's fifty day moving average is GBX 234.16 and its 200 day moving average is GBX 236.58. The company has a market cap of £134.95 million, a P/E ratio of 821.37 and a beta of 0.87.

Majedie Investments Increases Dividend

The company also recently announced a dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 14th were given a GBX 2.10 ($0.03) dividend. This is an increase from Majedie Investments's previous dividend of $2.00. This represents a yield of 0.92%. The ex-dividend date of this dividend was Thursday, November 14th. Majedie Investments's dividend payout ratio (DPR) is currently 2,580.65%.

Majedie Investments Company Profile

(Get Free Report)

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.

Further Reading

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