Majedie Investments (LON:MAJE) Reaches New 12-Month High – What’s Next?

Majedie Investments (LON:MAJE) hit a new 52-week high on Monday . The stock traded as high as GBX 284 and last traded at GBX 274, with a volume of 42096 shares changing hands. The stock had previously closed at GBX 268.

Majedie Investments Stock Performance

The company has a market capitalization of £145.22 million, a price-to-earnings ratio of 33.41 and a beta of 0.87. The firm has a fifty day moving average price of GBX 257.84 and a 200-day moving average price of GBX 249.75.

Majedie Investments (LON:MAJE) last posted its quarterly earnings data on Monday, December 22nd. The company reported GBX 0.70 earnings per share for the quarter. Majedie Investments had a net margin of 113.54% and a return on equity of 18.67%.

Insider Activity at Majedie Investments

In other news, insider Mark Little acquired 2,016 shares of the stock in a transaction on Friday, November 21st. The stock was acquired at an average cost of GBX 248 per share, for a total transaction of £4,999.68. Also, insider Christopher Getley bought 4,130 shares of the business’s stock in a transaction on Wednesday, October 22nd. The shares were acquired at an average price of GBX 242 per share, with a total value of £9,994.60. Insiders have bought 16,146 shares of company stock valued at $3,949,428 over the last three months. 35.11% of the stock is owned by insiders.

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.