Majedie Investments (LON:MAJE) Shares Pass Below 200-Day Moving Average of $193.15

Majedie Investments PLC (LON:MAJEGet Rating)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 193.15 ($2.37) and traded as low as GBX 180.90 ($2.22). Majedie Investments shares last traded at GBX 181 ($2.22), with a volume of 10,293 shares trading hands.

Majedie Investments Price Performance

The stock has a market capitalization of £95.93 million and a PE ratio of -15.34. The stock’s 50 day moving average is GBX 180.91 and its two-hundred day moving average is GBX 193.15. The company has a debt-to-equity ratio of 15.26, a quick ratio of 8.62 and a current ratio of 8.62.

Majedie Investments Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 24th. Shareholders of record on Wednesday, June 1st were issued a GBX 4.40 ($0.05) dividend. The ex-dividend date was Wednesday, June 1st. This represents a yield of 2.25%. Majedie Investments’s payout ratio is -0.97%.

About Majedie Investments

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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.

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