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 Trading Down 1.0 %

The company has a market cap of C$2.33 billion, a P/E ratio of 3.50, a PEG ratio of 2.61 and a beta of 1.45. The stock’s 50 day moving average is C$33.87 and its 200-day moving average is C$30.36. The company has a current ratio of 1.00, a quick ratio of 0.65 and a debt-to-equity ratio of 241.05.

Brookfield Business Partners Announces Dividend

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