Brookfield Business Partners (TSE:BBU.UN) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Brookfield Business Partners LP (TSE:BBU.UN)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$33.87 and traded as low as C$31.13. Brookfield Business Partners shares last traded at C$31.40, with a volume of 11,193 shares traded.

Brookfield Business Partners Stock Down 0.5 %

The company has a market cap of C$2.32 billion, a PE ratio of 3.49, a P/E/G ratio of 2.61 and a beta of 1.45. The stock has a 50-day moving average of C$33.83 and a 200-day moving average of C$30.37. The company has a quick ratio of 0.65, a current ratio of 1.00 and a debt-to-equity ratio of 241.05.

Brookfield Business Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.0625 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.25 dividend on an annualized basis and a yield of 0.80%. Brookfield Business Partners’s dividend payout ratio is presently 3.79%.

Brookfield Business Partners Company Profile

Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments. Brookfield Business Partners L.P.