Brookfield Business Partners (TSE:BBU.UN) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Shares of Brookfield Business Partners LP (TSE:BBU.UN) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$33.64 and traded as low as C$32.01. Brookfield Business Partners shares last traded at C$32.02, with a volume of 39,732 shares traded.

Brookfield Business Partners Price Performance

The company has a quick ratio of 0.65, a current ratio of 1.00 and a debt-to-equity ratio of 241.05. The company’s fifty day moving average is C$33.59 and its 200 day moving average is C$32.88. The stock has a market cap of C$2.16 billion, a PE ratio of 3.24, a price-to-earnings-growth ratio of 2.61 and a beta of 1.45.

Brookfield Business Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.86%. Brookfield Business Partners’s dividend payout ratio is currently 3.79%.

Insider Transactions at Brookfield Business Partners

In other news, Director Anne Ruth Herkes acquired 646 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was purchased at an average cost of C$40.01 per share, with a total value of C$25,849.30. Corporate insiders own 3.96% of the company’s stock.

Brookfield Business Partners Company Profile

Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments. Brookfield Business Partners L.P.