International Public Partnerships (LON:INPP) Share Price Passes Above 50-Day Moving Average of $128.67

International Public Partnerships (LON:INPP)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 128.67 ($1.68) and traded as high as GBX 129.40 ($1.69). International Public Partnerships shares last traded at GBX 125.60 ($1.64), with a volume of 3,898,222 shares changing hands.

International Public Partnerships Trading Up 0.3 %

The stock has a market cap of £2.39 billion, a PE ratio of 12,560.00 and a beta of 0.31. The firm has a 50-day moving average price of GBX 128.67 and a 200-day moving average price of GBX 126.36. The company has a debt-to-equity ratio of 2.23, a quick ratio of 24.20 and a current ratio of 15.69.

International Public Partnerships Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, September 12th will be issued a GBX 4.18 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, September 12th. This is a boost from International Public Partnerships’s previous dividend of $4.07. This represents a yield of 3.28%. International Public Partnerships’s payout ratio is 80,000.00%.

Insider Transactions at International Public Partnerships

In other news, insider Meriel Lenfestey purchased 8,000 shares of International Public Partnerships stock in a transaction that occurred on Monday, June 24th. The stock was bought at an average price of GBX 126 ($1.65) per share, with a total value of £10,080 ($13,181.64). In other International Public Partnerships news, insider Julia Bond bought 1,608 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was acquired at an average price of GBX 129 ($1.69) per share, with a total value of £2,074.32 ($2,712.59). Also, insider Meriel Lenfestey purchased 8,000 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were bought at an average cost of GBX 126 ($1.65) per share, for a total transaction of £10,080 ($13,181.64). Over the last 90 days, insiders have bought 25,113 shares of company stock worth $3,184,567. Corporate insiders own 0.14% of the company’s stock.

About International Public Partnerships

International Public Partnerships Limited specializes in investments in broader infrastructure sector with a focus on public or social infrastructure. The fund seeks acquisition opportunities that may be single assets, portfolios, shares in companies, or interest in partnerships. It also seeks to invest in private finance initiative and public private partnerships procurement model for public infrastructure in developed countries.