Majedie Investments (LON:MAJE) Hits New 52-Week High – Still a Buy?

Majedie Investments (LON:MAJEGet Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as GBX 300 and last traded at GBX 298.50, with a volume of 58643 shares trading hands. The stock had previously closed at GBX 287.50.

Majedie Investments Stock Up 4.5%

The business’s 50-day simple moving average is GBX 281.11 and its 200 day simple moving average is GBX 274.25. The firm has a market capitalization of £167.48 million, a P/E ratio of 13.98 and a beta of 0.72.

Majedie Investments (LON:MAJEGet Free Report) last issued its quarterly earnings results on Thursday, May 28th. The company reported GBX (0.30) EPS for the quarter. Majedie Investments had a net margin of 69.99% and a return on equity of 7.92%. The business had revenue of GBX 41 million for the quarter.

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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