Brookfield Business Partners (TSE:BBU.UN) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Brookfield Business Partners LP (TSE:BBU.UN) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$33.03 and traded as low as C$32.01. Brookfield Business Partners shares last traded at C$33.00, with a volume of 28,108 shares changing hands.

Brookfield Business Partners Price Performance

The company has a current ratio of 1.00, a quick ratio of 0.65 and a debt-to-equity ratio of 241.05. The firm has a market cap of C$2.49 billion, a P/E ratio of 3.74, a PEG ratio of 2.61 and a beta of 1.45. The firm has a 50-day simple moving average of C$33.10 and a 200-day simple moving average of C$32.42.

Brookfield Business Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be given a $0.0625 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.75%. Brookfield Business Partners’s payout ratio is 3.79%.

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.