Majedie Investments (LON:MAJE) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Majedie Investments (LON:MAJE) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 237.75 ($3.09) and traded as low as GBX 228 ($2.97). Majedie Investments shares last traded at GBX 230 ($2.99), with a volume of 13,120 shares.

Majedie Investments Price Performance

The stock has a market cap of £123.98 million, a price-to-earnings ratio of 741.94 and a beta of 0.87. The stock’s 50 day moving average price is GBX 235.65 and its two-hundred day moving average price is GBX 237.75. The company has a quick ratio of 8.62, a current ratio of 0.22 and a debt-to-equity ratio of 14.44.

Majedie Investments Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 14th will be paid a GBX 2.10 ($0.03) dividend. This is an increase from Majedie Investments’s previous dividend of $2.00. This represents a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, November 14th. Majedie Investments’s dividend payout ratio (DPR) is currently 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.