Majedie Investments (LON:MAJE) Shares Cross Above 50-Day Moving Average – Time to Sell?

Majedie Investments (LON:MAJE)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty 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 traded.

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 firm has a 50-day moving average price of GBX 235.55 and a 200 day moving average price of GBX 237.44. The firm has a market capitalization of £124.55 million, a PE ratio of 758.04 and a beta of 0.87.

Majedie Investments Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be issued a dividend of GBX 2.10 ($0.03) per share. This represents a yield of 0.92%. This is a boost from Majedie Investments’s previous dividend of $2.00. The ex-dividend date is Thursday, November 14th. Majedie Investments’s dividend payout ratio (DPR) is 2,580.65%.

About Majedie Investments

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.