Majedie Investments (LON:MAJE) Sets New 12-Month High – Time to Buy?

Majedie Investments (LON:MAJE) hit a new 52-week high on Thursday . The stock traded as high as GBX 286 and last traded at GBX 277.50, with a volume of 8102 shares traded. The stock had previously closed at GBX 276.

Majedie Investments Stock Performance

The firm has a market capitalization of £147.07 million, a PE ratio of 12.28 and a beta of 0.87. The firm has a fifty day moving average of GBX 268.21 and a 200 day moving average of GBX 253.05.

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 Buying and Selling at Majedie Investments

In other news, insider Mark Little purchased 2,016 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was acquired at an average cost 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.