Brookfield Business Partners (TSE:BBU.UN) Stock Price Crosses Below Fifty Day Moving Average - Here's What Happened

Brookfield Business Partners LP (TSE:BBU.UN - Get Free Report)'s stock 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 changing hands.

Brookfield Business Partners Trading Down 1.2 %

The firm has a market capitalization of C$2.30 billion, a price-to-earnings ratio of 3.46, a price-to-earnings-growth ratio of 2.61 and a beta of 1.45. The company has a fifty day moving average price of C$33.87 and a 200-day moving average price of 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.25 annualized dividend and a dividend yield of 0.81%. Brookfield Business Partners's dividend payout ratio (DPR) is presently 3.79%.

About Brookfield Business Partners

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.