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

Majedie Investments (LON:MAJEGet Free Report)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 290 and last traded at GBX 289.70, with a volume of 44424 shares changing hands. The stock had previously closed at GBX 282.

Majedie Investments Trading Up 2.7%

The company’s 50-day moving average is GBX 274.98 and its 200-day moving average is GBX 257.64. The firm has a market cap of £153.54 million, a price-to-earnings ratio of 12.82 and a beta of 0.87.

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

About Majedie Investments

(Get Free Report)

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.

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