Majedie Investments (LON:MAJE) Sets New 1-Year High – Time to Buy?

Majedie Investments (LON:MAJE) shares hit a new 52-week high on Wednesday . The company traded as high as GBX 260 ($3.31) and last traded at GBX 254.63 ($3.24), with a volume of 48298 shares changing hands. The stock had previously closed at GBX 256 ($3.25).

Majedie Investments Trading Down 0.5 %

The company has a debt-to-equity ratio of 14.44, a quick ratio of 8.62 and a current ratio of 0.22. The firm has a market capitalization of £134.95 million, a PE ratio of 817.29 and a beta of 0.87. The company’s 50-day moving average price is GBX 233.91 and its 200-day moving average price is GBX 236.49.

Majedie Investments Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 14th were issued a GBX 2.10 ($0.03) dividend. The ex-dividend date of this dividend 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 dividend payout ratio 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.