3i Group (LON:III) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

3i Group (LON:III) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,581.57 ($46.28) and traded as high as GBX 3,765 ($48.65). 3i Group shares last traded at GBX 3,740.87 ($48.34), with a volume of 2,372,217 shares changing hands.

Wall Street Analyst Weigh In

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

3i Group Stock Performance

The company has a market cap of £36.11 billion, a P/E ratio of 9.44, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01. The company has a current ratio of 3.25, a quick ratio of 0.09 and a debt-to-equity ratio of 6.20. The company has a 50 day moving average price of GBX 3,883.10 and a 200-day moving average price of GBX 3,581.57.

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.