Majedie Investments (LON:MAJE) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Majedie Investments (LON:MAJE)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 239.90 ($3.13) and traded as low as GBX 221.15 ($2.89). Majedie Investments shares last traded at GBX 227 ($2.96), with a volume of 95,219 shares changing hands.

Majedie Investments Trading Up 0.4 %

The company has a debt-to-equity ratio of 14.44, a current ratio of 0.22 and a quick ratio of 8.62. The stock has a market cap of £122.43 million, a PE ratio of 735.48 and a beta of 0.87. The stock has a 50-day moving average price of GBX 237.64 and a two-hundred day moving average price of GBX 239.67.

Majedie Investments Announces Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 15th were issued a dividend of GBX 2 ($0.03) per share. This represents a yield of 0.86%. The ex-dividend date of this dividend was Thursday, August 15th. 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.