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Brookfield Business Partners (TSE:BBU.UN) Shares Pass Above 200-Day Moving Average - Here's Why

Brookfield Business Partners logo with Industrials background

Brookfield Business Partners LP (TSE:BBU.UN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$32.60 and traded as high as C$35.01. Brookfield Business Partners shares last traded at C$34.91, with a volume of 13,016 shares.

Brookfield Business Partners Price Performance

The stock has a fifty day moving average of C$33.48 and a 200 day moving average of C$32.77. The company has a debt-to-equity ratio of 241.05, a current ratio of 1.00 and a quick ratio of 0.65. The stock has a market cap of C$2.50 billion, a price-to-earnings ratio of 3.76, a P/E/G ratio of 2.61 and a beta of 1.45.

Brookfield Business Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Business Partners's dividend payout ratio (DPR) is currently 3.79%.

Insider Transactions at Brookfield Business Partners

In related news, Director Anne Ruth Herkes purchased 646 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was bought at an average cost of C$40.01 per share, with a total value of C$25,849.30. Company insiders own 3.96% of the company's stock.

About Brookfield Business Partners

(Get Free Report)

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.

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