Majedie Investments (LON:MAJE) Stock Crosses Above 50-Day Moving Average – What’s Next?

Shares of Majedie Investments (LON:MAJE) passed 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 changing hands.

Majedie Investments Stock Down 0.4 %

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

Majedie Investments Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be paid a GBX 2.10 ($0.03) dividend. 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 payout ratio is currently 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.