Brookfield Business Partners (TSE:BBU.UN) Shares Cross Below 50 Day Moving Average – Should You Sell?

Brookfield Business Partners LP (TSE:BBU.UN)’s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$47.50 and traded as low as C$40.64. Brookfield Business Partners shares last traded at C$41.80, with a volume of 29,667 shares trading hands.

Brookfield Business Partners Stock Down 0.2%

The firm’s 50 day simple moving average is C$47.25 and its 200-day simple moving average is C$46.30. The company has a current ratio of 1.00, a quick ratio of 0.65 and a debt-to-equity ratio of 241.05. The stock has a market capitalization of C$3.76 billion, a price-to-earnings ratio of -144.44, a price-to-earnings-growth ratio of 2.61 and a beta of 1.59.

Brookfield Business Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be issued a $0.0625 dividend. The ex-dividend date is Monday, March 23rd. This represents a $0.25 annualized dividend and a dividend yield of 0.6%. Brookfield Business Partners’s dividend payout ratio (DPR) is presently -85.27%.

About Brookfield Business Partners

Brookfield Business Partners LP is a business services and industrials company. It focused on operating businesses that are either low-cost producers and benefit from high barriers to entry. The company’s operating segment includes Business services; Infrastructure services; Industrials and Corporate and others. It generates maximum revenue from the Business Services segment. Geographically, it derives a majority of revenue from the United Kingdom and also has a presence in the United States of America; Europe; Australia; Canada; Brazil; Mexico and Other Countries.