3i Infrastructure (LON:3IN) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

3i Infrastructure plc (LON:3IN)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 332.87 ($4.16) and traded as low as GBX 315 ($3.94). 3i Infrastructure shares last traded at GBX 320 ($4.00), with a volume of 2,311,834 shares trading hands.

3i Infrastructure Stock Up 0.2 %

The firm has a market cap of £2.96 billion, a P/E ratio of 843.42 and a beta of 0.50. The firm’s 50 day moving average is GBX 325.91 and its two-hundred day moving average is GBX 332.87. 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 company also recently announced 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. The ex-dividend date is Thursday, November 21st. This is a positive change from 3i Infrastructure’s previous dividend of $5.95. This represents a yield of 1.88%. 3i Infrastructure’s dividend payout ratio (DPR) is 3,157.89%.

Insider Activity

In related news, insider Douglas Bannister bought 6,115 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were purchased at an average cost of GBX 327 ($4.09) per share, for a total transaction of £19,996.05 ($24,991.94). Also, insider Martin Magee purchased 3,000 shares of 3i Infrastructure stock in a transaction dated Tuesday, November 12th. The stock was bought at an average price of GBX 336 ($4.20) per share, with a total value of £10,080 ($12,598.43). 0.01% of the stock is owned by company insiders.

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.