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

Majedie Investments (LON:MAJE)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 319.99 and last traded at GBX 306.31, with a volume of 71722 shares changing hands. The stock had previously closed at GBX 313.

Majedie Investments Stock Down 2.1%

The business’s fifty day moving average is GBX 282.65 and its 200-day moving average is GBX 275.18. The stock has a market capitalization of £162.34 million, a PE ratio of 13.55 and a beta of 0.72.

Majedie Investments (LON:MAJE) last released its earnings results on Thursday, May 28th. The company reported GBX (0.30) earnings per share (EPS) for the quarter. Majedie Investments had a net margin of 89.91% and a return on equity of 15.50%. The company had revenue of GBX 41 million during the quarter.

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. Its focus on differentiated return sources provides a degree of risk diversification without diluting return potential.

Opportunities come from the skilled investment team and Marylebone’s global network of managers, practitioners and investors.