Brookfield Business Partners (TSE:BBU.UN) Sets New 52-Week High – Should You Buy?

Brookfield Business Partners LP (TSE:BBU.UN) shares reached a new 52-week high on Thursday . The company traded as high as C$52.10 and last traded at C$52.10, with a volume of 37541 shares changing hands. The stock had previously closed at C$49.02.

Brookfield Business Partners Stock Performance

The company’s 50 day moving average is C$43.79 and its 200 day moving average is C$37.57. The firm has a market cap of C$4.29 billion, a P/E ratio of -345.21, a P/E/G ratio of 2.61 and a beta of 1.84. The company has a debt-to-equity ratio of 241.05, a quick ratio of 0.65 and a current ratio of 1.00.

Brookfield Business Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 29th were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, August 29th. Brookfield Business Partners’s dividend payout ratio is -178.57%.

Brookfield Business Partners Company Profile

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.