Brookfield Business Partners (TSE:BBU.UN) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Shares of Brookfield Business Partners LP (TSE:BBU.UN) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$32.96 and traded as low as C$31.99. Brookfield Business Partners shares last traded at C$32.28, with a volume of 20,962 shares changing hands.

Brookfield Business Partners Stock Performance

The firm’s fifty day simple moving average is C$32.78 and its 200 day simple moving average is C$31.01. The company has a market capitalization of C$2.40 billion, a price-to-earnings ratio of 3.60, a PEG ratio of 2.61 and a beta of 1.45. The company has a debt-to-equity ratio of 241.05, a current ratio of 1.00 and a quick ratio of 0.65.

Brookfield Business Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.77%. The ex-dividend date is Friday, February 28th. 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.