Majedie Investments (LON:MAJE) Shares Pass Above Fifty Day Moving Average – What’s Next?

Majedie Investments (LON:MAJE) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 272.96 and traded as high as GBX 276.90. Majedie Investments shares last traded at GBX 272, with a volume of 3,978 shares trading hands.

Majedie Investments Price Performance

The business’s 50 day moving average price is GBX 273.14 and its 200 day moving average price is GBX 255.75. The stock has a market capitalization of £144.16 million, a P/E ratio of 12.04 and a beta of 0.87.

Majedie Investments (LON:MAJE) last issued its earnings results on Monday, December 22nd. The company reported GBX 0.70 earnings per share (EPS) for the quarter. Majedie Investments had a net margin of 113.54% and a return on equity of 18.67%.

Insider Activity

In other news, insider Mark Little acquired 2,016 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was bought at an average price of GBX 248 per share, with a total value of £4,999.68. 35.11% of the stock is currently owned by company insiders.

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.