Majedie Investments (LON:MAJE) Stock Passes Below 200-Day Moving Average – Time to Sell?

Majedie Investments (LON:MAJEGet Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 248.99 ($3.21) and traded as low as GBX 245.78 ($3.17). Majedie Investments shares last traded at GBX 246 ($3.17), with a volume of 13,394 shares trading hands.

Majedie Investments Price Performance

The company has a market cap of £123.06 million, a PE ratio of 4.48 and a beta of 0.87. The firm has a 50-day simple moving average of GBX 259.48 and a two-hundred day simple moving average of GBX 248.91.

Insider Buying and Selling

In other news, insider Jane Lewis bought 3,000 shares of the stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of GBX 252 ($3.25) per share, with a total value of £7,560 ($9,752.32). 63.73% of the stock is currently owned by company insiders.

Majedie Investments Company Profile

(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.

Further Reading

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