3i Infrastructure (LON:3IN) Share Price Passes Below 200-Day Moving Average – What’s Next?

Shares of 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 changing hands.

3i Infrastructure Stock Performance

The stock has a market cap of £2.94 billion, a P/E ratio of 838.16 and a beta of 0.50. The company has a debt-to-equity ratio of 15.26, a quick ratio of 0.57 and a current ratio of 0.85. The firm’s 50 day moving average is GBX 324.02 and its 200 day moving average is GBX 332.05.

3i Infrastructure Increases Dividend

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

Insiders Place Their Bets

In other news, insider Martin Magee bought 3,000 shares of the business’s stock in a transaction that occurred on 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). Also, insider Douglas Bannister bought 6,115 shares of 3i Infrastructure stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average price of GBX 327 ($4.11) per share, with a total value of £19,996.05 ($25,161.76). Corporate 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.