Majedie Investments (LON:MAJE) Stock Price Passes Below 200 Day Moving Average of $239.87

Shares of Majedie Investments (LON:MAJE) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 239.87 ($3.12) and traded as low as GBX 233.16 ($3.03). Majedie Investments shares last traded at GBX 234 ($3.04), with a volume of 26,822 shares trading hands.

Majedie Investments Trading Up 0.9 %

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 company has a market cap of £124.02 million, a price-to-earnings ratio of 754.84 and a beta of 0.87. The business’s fifty day moving average price is GBX 235.90 and its 200 day moving average price is GBX 239.95.

Majedie Investments Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, September 6th. Investors of record on Thursday, August 15th will be given a dividend of GBX 2 ($0.03) per share. This represents a yield of 0.86%. The ex-dividend date of this dividend is Thursday, August 15th. Majedie Investments’s dividend payout ratio is currently 2,580.65%.

Insider Buying and Selling at Majedie Investments

In other news, insider J M. William Barlow sold 750,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of GBX 240 ($3.12), for a total transaction of £1,800,000 ($2,338,877.34). In other Majedie Investments news, insider Heinrich Merz acquired 41,416 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were bought at an average cost of GBX 241 ($3.13) per share, with a total value of £99,812.56 ($129,694.07). Also, insider J M. William Barlow sold 750,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of GBX 240 ($3.12), for a total value of £1,800,000 ($2,338,877.34). Corporate insiders own 63.73% of the company’s stock.

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.