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

Majedie Investments (LON:MAJE)’s share price passed 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 traded.

Majedie Investments Price Performance

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

Majedie Investments (LON:MAJE) last announced 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%.

Insider Buying and Selling at Majedie Investments

In related news, insider Mark Little acquired 2,016 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were bought at an average cost of GBX 248 per share, for a total transaction 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.