Majedie Investments (LON:MAJE) Stock Price Up 1.3% - Should You Buy?

Majedie Investments (LON:MAJE - Get Free Report)'s stock price was up 1.3% on Monday . The stock traded as high as GBX 240 ($3.07) and last traded at GBX 236 ($3.02). Approximately 13,379 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 40,524 shares. The stock had previously closed at GBX 233 ($2.98).

Majedie Investments Price Performance

The business's 50-day simple moving average is GBX 232.78 and its two-hundred day simple moving average is GBX 236.24. The stock has a market cap of £126.14 million, a price-to-earnings ratio of 767.74 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.

Majedie Investments Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 14th were issued a dividend of GBX 2.10 ($0.03) per share. This represents a dividend yield of 0.92%. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Majedie Investments's previous dividend of $2.00. Majedie Investments's payout ratio is 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.