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

Shares of 3i Group (LON:III) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,332.73 ($41.47) and traded as high as GBX 3,828 ($47.63). 3i Group shares last traded at GBX 3,785.35 ($47.10), with a volume of 868,867 shares.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reiterated a “top pick” rating on shares of 3i Group in a research report on Tuesday, January 7th.

3i Group Price Performance

The company has a market capitalization of £36.51 billion, a P/E ratio of 953.49, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01. The company has a debt-to-equity ratio of 6.20, a current ratio of 3.23 and a quick ratio of 0.09. The firm’s 50-day moving average is GBX 3,628.11 and its 200-day moving average is GBX 3,332.73.

3i Group Cuts Dividend

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

3i Group Company Profile

3i is an investment company with two complementary businesses, Private Equity and Infrastructure.

We focus on opportunities where our sector and investment expertise, combined with our international presence and strong capital position, can create material value for our stakeholders.