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

3i Group (LON:III)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,193.32 ($40.30) and traded as high as GBX 3,667 ($46.28). 3i Group shares last traded at GBX 3,646 ($46.02), with a volume of 488,849 shares.

3i Group Trading Up 0.4 %

The company has a current ratio of 3.23, a quick ratio of 0.09 and a debt-to-equity ratio of 6.20. The business has a fifty day moving average price of GBX 3,426.96 and a 200 day moving average price of GBX 3,196.44. The firm has a market cap of £35.16 billion, a PE ratio of 918.39, a P/E/G ratio of -0.35 and a beta of 1.01.

3i Group Cuts Dividend

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

About 3i Group

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.