Brookfield Business Partners (TSE:BBU.UN) Stock Passes Below 50 Day Moving Average – What’s Next?

Brookfield Business Partners LP (TSE:BBU.UN) passed 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.

Brookfield Business Partners Price Performance

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 firm 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 business’s fifty day simple moving average is C$32.96 and its 200 day simple moving average is C$30.95.

Brookfield Business Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend 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.