3i Group (LON:III) Shares Pass Above 200-Day Moving Average – Here’s Why

Shares of 3i Group (LON:III) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,098.50 ($39.05) and traded as high as GBX 3,385 ($42.66). 3i Group shares last traded at GBX 3,330 ($41.97), with a volume of 1,336,563 shares changing hands.

3i Group Trading Down 0.6 %

The company has a debt-to-equity ratio of 6.20, a quick ratio of 0.09 and a current ratio of 3.23. The business has a fifty day moving average of GBX 3,285.58 and a two-hundred day moving average of GBX 3,104.22. The firm has a market cap of £33.04 billion, a price-to-earnings ratio of 863.17, a PEG ratio of -0.35 and a beta of 1.01.

3i Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, November 28th will be paid a dividend of GBX 30.50 ($0.38) per share. The ex-dividend date is Thursday, November 28th. This represents a dividend yield of 0.92%. 3i Group’s dividend payout ratio is presently 1,536.52%.

3i Group Company Profile

3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.