Majedie Investments (LON:MAJE) Stock Price Crosses Below 200 Day Moving Average - Here's What Happened

Key Points

• Majedie Investments' share price recently dropped below its 200-day moving average, with the stock trading at GBX 246 ($3.32) after reaching a low of GBX 240.08 ($3.24).
• The company has a market capitalization of £130.48 million, a PE ratio of 4.75, and a beta of 0.87, indicating relatively low volatility compared to the market.
• Majedie Investments PLC is an investment trust founded in 1910, managed by Marylebone Partners LLP, utilizing diverse investment strategies globally.

Majedie Investments (LON:MAJE - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 254.89 ($3.43) and traded as low as GBX 240.08 ($3.23). Majedie Investments shares last traded at GBX 246 ($3.31), with a volume of 8,088 shares.

Majedie Investments Stock Up 1.7%

The business has a fifty day simple moving average of GBX 245.89 and a 200-day simple moving average of GBX 254.41. The firm has a market cap of £128.36 million, a P/E ratio of 4.67 and a beta of 0.87.

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.