3i Infrastructure (LON:3IN) Share Price Passes Below 200 Day Moving Average – Here’s Why

3i Infrastructure plc (LON:3IN) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 332.10 ($4.18) and traded as low as GBX 317 ($3.99). 3i Infrastructure shares last traded at GBX 318.50 ($4.01), with a volume of 310,907 shares trading hands.

3i Infrastructure Price Performance

The firm has a market capitalization of £2.94 billion, a PE ratio of 838.16 and a beta of 0.50. The firm’s fifty day moving average price is GBX 324.02 and its 200 day moving average price is GBX 332.05. The company has a current ratio of 0.85, a quick ratio of 0.57 and a debt-to-equity ratio of 15.26.

3i Infrastructure Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, January 13th. Shareholders of record on Thursday, November 21st will be issued a GBX 6.33 ($0.08) dividend. This represents a yield of 1.88%. This is a positive change from 3i Infrastructure’s previous dividend of $5.95. The ex-dividend date of this dividend is Thursday, November 21st. 3i Infrastructure’s dividend payout ratio is presently 3,157.89%.

Insider Buying and Selling at 3i Infrastructure

In other news, insider Douglas Bannister acquired 6,115 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were acquired at an average price of GBX 327 ($4.11) per share, with a total value of £19,996.05 ($25,161.76). Also, insider Martin Magee bought 3,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average cost of GBX 336 ($4.23) per share, with a total value of £10,080 ($12,684.03). Company insiders own 0.01% of the company’s stock.

About 3i Infrastructure

3i Infrastructure plc is an investment firm specializing in infrastructure investments. The firm invests in early stage assets, mature assets, middle markets, mid venture, acquisitions, and projects and privatizations undergoing a period of operational ramp-up. It may invest in junior or mezzanine debt in infrastructure businesses or assets.