3i Infrastructure (LON:3IN) Shares Cross Above 200 Day Moving Average – Here’s Why

3i Infrastructure plc (LON:3IN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 333.46 ($4.50) and traded as high as GBX 356.50 ($4.81). 3i Infrastructure shares last traded at GBX 341.30 ($4.61), with a volume of 6,660,204 shares trading hands.

3i Infrastructure Stock Performance

The stock has a market capitalization of £3.15 billion, a price-to-earnings ratio of 945.42 and a beta of 0.50. The stock’s 50 day moving average is GBX 347.35 and its 200 day moving average is GBX 333.46. The company has a current ratio of 0.85, a quick ratio of 0.57 and a debt-to-equity ratio of 15.26.

Insider Buying and Selling

In other 3i Infrastructure news, insider Stephanie Hazell acquired 8,701 shares of the stock in a transaction that occurred on Thursday, July 17th. The shares were purchased at an average cost of GBX 345 per share, with a total value of £30,018.45. Insiders own 0.07% of the company’s stock.

About 3i Infrastructure

3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company, an approved UK Investment Trust, listed on the London Stock Exchange and regulated by the Jersey Financial Services Commission. The Company’s purpose is to deliver a long-term sustainable return to shareholders from investing in infrastructure.

3i Investments plc, a wholly-owned subsidiary of 3i Group plc, is authorised and regulated in the UK by the Financial Conduct Authority and acts as Investment Manager to 3i Infrastructure plc.