Brookfield Business Partners (TSE:BBU.UN) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Brookfield Business Partners LP (TSE:BBU.UN)’s share price crossed 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 changing hands.

Brookfield Business Partners Stock Up 0.8 %

The company has a market cap of C$2.59 billion, a PE ratio of 3.90, a PEG ratio of 2.61 and a beta of 1.45. The company has a quick ratio of 0.65, a current ratio of 1.00 and a debt-to-equity ratio of 241.05. The company’s fifty day moving average is C$33.31 and its 200-day moving average is C$32.60.

Brookfield Business Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.72%. Brookfield Business Partners’s dividend payout ratio (DPR) is currently 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.