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International Public Partnerships (LON:INPP) Shares Cross Above 50-Day Moving Average - Here's Why

International Public Partnerships logo with Financial Services background

International Public Partnerships (LON:INPP - Get Free Report)'s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 112.27 ($1.49) and traded as high as GBX 116.20 ($1.55). International Public Partnerships shares last traded at GBX 115.20 ($1.53), with a volume of 3,074,588 shares traded.

International Public Partnerships Trading Up 0.5 %

The business's 50-day moving average is GBX 111.91 and its two-hundred day moving average is GBX 118.44. The stock has a market capitalization of £2.11 billion, a PE ratio of 48.49 and a beta of 0.31.

International Public Partnerships (LON:INPP - Get Free Report) last posted its earnings results on Friday, March 28th. The company reported GBX 2 ($0.03) earnings per share (EPS) for the quarter. International Public Partnerships had a return on equity of 1.54% and a net margin of 52.68%. On average, analysts predict that International Public Partnerships will post 1060.0000297 EPS for the current year.

International Public Partnerships Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Thursday, May 15th will be given a dividend of GBX 8.92 ($0.12) per share. This is a boost from International Public Partnerships's previous dividend of $4.18. This represents a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, May 15th. International Public Partnerships's payout ratio is presently 345.14%.

Insider Activity

In other International Public Partnerships news, insider John Le Poidevin bought 86,972 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were bought at an average cost of GBX 114 ($1.52) per share, with a total value of £99,148.08 ($132,021.41). Also, insider Giles Adu bought 25,000 shares of International Public Partnerships stock in a transaction dated Friday, April 11th. The shares were acquired at an average price of GBX 112 ($1.49) per share, with a total value of £28,000 ($37,283.62). Insiders own 0.14% of the company's stock.

About International Public Partnerships

(Get Free Report)

INPP is a global infrastructure fund that invests in high-quality infrastructure projects and businesses that are sustainable over the long-term. INPP aims to provide our investors with stable, long-term, inflation-linked returns, based on growing dividends and the potential for capital appreciation.

Further Reading

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