3i Infrastructure (LON:3IN) Sets New 1-Year High – Should You Buy?

Shares of 3i Infrastructure plc (LON:3IN) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 363 ($4.89) and last traded at GBX 361.70 ($4.88), with a volume of 18840 shares trading hands. The stock had previously closed at GBX 361 ($4.87).

3i Infrastructure Stock Up 0.1%

The stock has a market capitalization of £3.33 billion, a P/E ratio of 1,001.39 and a beta of 0.50. The firm’s fifty day moving average is GBX 351.11 and its 200-day moving average is GBX 338.57. 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 at 3i Infrastructure

In related news, insider Stephanie Hazell bought 8,701 shares of the company’s stock in a transaction on Thursday, July 17th. The stock was bought at an average cost of GBX 345 per share, with a total value of £30,018.45. Corporate 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.