3i Infrastructure (LON:3IN) Shares Cross Above 50-Day Moving Average of $290.50

3i Infrastructure PLC (LON:3IN) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $290.50 and traded as high as $292.50. 3i Infrastructure shares last traded at $290.00, with a volume of 701,939 shares changing hands.

Separately, Jefferies Financial Group upgraded 3i Infrastructure to a “hold” rating in a research note on Wednesday, October 23rd.

The company has a debt-to-equity ratio of 9.73, a quick ratio of 0.03 and a current ratio of 0.04. The stock has a fifty day simple moving average of GBX 290.68 and a two-hundred day simple moving average of GBX 286.79. The stock has a market capitalization of $2.64 billion and a price-to-earnings ratio of 11.39.

The company also recently announced a dividend, which will be paid on Monday, January 13th. Stockholders of record on Thursday, November 28th will be paid a GBX 4.60 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, November 28th. This is an increase from 3i Infrastructure’s previous dividend of $4.33. This represents a dividend yield of 1.58%. 3i Infrastructure’s dividend payout ratio (DPR) is currently 0.35%.

3i Infrastructure Company Profile (LON:3IN)

3i Infrastructure plc is a closed-ended investment company that invests in infrastructure businesses and assets. The Company’s objective is to provide shareholders with a sustainable total return of 8% to 10% per annum, to be achieved over the medium term, with a progressive annual dividend per share.

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