3i Group (LON:III) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Shares of 3i Group (LON:III) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,294.19 ($40.22) and traded as high as GBX 3,611 ($44.08). 3i Group shares last traded at GBX 3,580 ($43.71), with a volume of 1,231,581 shares changing hands.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. restated a “top pick” rating on shares of 3i Group in a research report on Tuesday, January 7th.

3i Group Stock Performance

The stock has a market capitalization of £34.75 billion, a P/E ratio of 907.56, a PEG ratio of -0.35 and a beta of 1.01. 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 50-day moving average price of GBX 3,561.85 and a two-hundred day moving average price of GBX 3,294.19.

3i Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, November 28th were paid a GBX 30.50 ($0.37) dividend. This represents a yield of 0.92%. The ex-dividend date was Thursday, November 28th. 3i Group’s dividend payout ratio is presently 1,536.52%.

About 3i Group

3i is an investment company with two complementary businesses, Private Equity and Infrastructure.

We focus on opportunities where our sector and investment expertise, combined with our international presence and strong capital position, can create material value for our stakeholders.