Majedie Investments (LON:MAJE) Reaches New 52-Week High – Here’s What Happened

Majedie Investments (LON:MAJE) reached a new 52-week high on Friday . The stock traded as high as GBX 284 and last traded at GBX 270.12, with a volume of 2998 shares changing hands. The stock had previously closed at GBX 277.

Majedie Investments Stock Performance

The firm has a market cap of £143.16 million, a price-to-earnings ratio of 11.95 and a beta of 0.87. The business has a fifty day simple moving average of GBX 266.04 and a 200-day simple moving average of GBX 252.19.

Majedie Investments (LON:MAJE) last released its quarterly 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 Transactions at Majedie Investments

In other Majedie Investments news, insider Mark Little purchased 2,016 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was purchased 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.

Majedie Investments Company Profile

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.