Majedie Investments (LON:MAJE) Stock Crosses Below 200 Day Moving Average – Here’s Why

Majedie Investments (LON:MAJE)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 238.90 ($3.10) and traded as low as GBX 224 ($2.91). Majedie Investments shares last traded at GBX 224 ($2.91), with a volume of 160,794 shares trading hands.

Majedie Investments Stock Performance

The company’s 50-day moving average price is GBX 236.71 and its two-hundred day moving average price is GBX 238.82. The company has a market capitalization of £120.84 million, a price-to-earnings ratio of 735.48 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 Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 15th were given a GBX 2 ($0.03) dividend. This represents a dividend yield of 0.86%. The ex-dividend date was Thursday, August 15th. Majedie Investments’s dividend payout ratio (DPR) is presently 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.