3i Group (LON:III) Stock Price Passes 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 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 trading hands.

Analyst Ratings Changes

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

3i Group Stock Down 1.1 %

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

3i Group Cuts Dividend

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

About 3i Group

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.