3i Group (LON:III) Hits New 1-Year High – What’s Next?

3i Group (LON:III)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 3,693 ($46.42) and last traded at GBX 3,682 ($46.29), with a volume of 10441002 shares changing hands. The stock had previously closed at GBX 3,657 ($45.97).

3i Group Stock Down 0.1 %

The stock has a 50 day simple moving average of GBX 3,343.60 and a 200 day simple moving average of GBX 3,140.40. The stock has a market cap of £35.22 billion, a price-to-earnings ratio of 921.16, 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.

3i Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, November 28th will be given 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.