Majedie Investments (LON:MAJE) Reaches New 1-Year High – Should You Buy?

Majedie Investments (LON:MAJE) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 267.68 ($3.36) and last traded at GBX 267.68 ($3.36), with a volume of 36083 shares. The stock had previously closed at GBX 257 ($3.22).

Majedie Investments Stock Performance

The stock has a 50 day moving average of GBX 237.69 and a 200 day moving average of GBX 237.32. The company has a market capitalization of £141.87 million, a price-to-earnings ratio of 863.48 and a beta of 0.87. 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 company also recently declared a dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 14th were given a GBX 2.10 ($0.03) dividend. The ex-dividend date was Thursday, November 14th. This represents a dividend yield of 0.92%. This is an increase from Majedie Investments’s previous dividend of $2.00. Majedie Investments’s payout ratio is 2,580.65%.

About Majedie Investments

Majedie Investments PLC is an investment trust founded in 1910 and managed by Marylebone Partners LLP.

Marylebone Partners combines investments from three complementary strategies sourced from around the globe into a single portfolio comprising hard-to-access special investments, external niche manager allocations and investments in publicly-listed companies.