3i Group (LON:III) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

3i Group (LON:III)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 3,193.32 ($40.30) and traded as high as GBX 3,667 ($46.28). 3i Group shares last traded at GBX 3,646 ($46.02), with a volume of 488,849 shares trading hands.

3i Group Stock Up 0.4 %

The firm has a 50-day moving average of GBX 3,426.96 and a two-hundred day moving average of GBX 3,196.44. The company has a quick ratio of 0.09, a current ratio of 3.23 and a debt-to-equity ratio of 6.20. The company has a market capitalization of £35.16 billion, a PE ratio of 918.39, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01.

3i Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, November 28th will be issued a dividend of GBX 30.50 ($0.38) per share. The ex-dividend date is Thursday, November 28th. This represents a yield of 0.92%. 3i Group’s dividend payout ratio (DPR) is presently 1,536.52%.

About 3i Group

3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.