Majedie Investments (LON:MAJE) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Shares of 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.

Majedie Investments Stock Performance

The stock has a market capitalization of £144.81 million, a P/E ratio of 12.09 and a beta of 0.87. The firm has a 50-day moving average price of GBX 272.96 and a 200 day moving average price of GBX 255.57.

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 return on equity of 18.67% and a net margin of 113.54%.

Insider Activity

In other Majedie Investments news, insider Mark Little bought 2,016 shares of Majedie Investments stock in a transaction that occurred on Friday, November 21st. The shares were bought at an average price of GBX 248 per share, with a total value of £4,999.68. Company insiders own 35.11% of the company’s stock.

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.