Brookfield Business Partners (TSE:BBU.UN) Shares Cross Below Fifty Day Moving Average – Here’s Why

Shares of Brookfield Business Partners LP (TSE:BBU.UN) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$45.21 and traded as low as C$41.83. Brookfield Business Partners shares last traded at C$42.18, with a volume of 272,568 shares changing hands.

Brookfield Business Partners Price Performance

The company has a fifty day moving average of C$45.21 and a 200 day moving average of C$47.04. The firm has a market capitalization of C$3.74 billion, a P/E ratio of -143.86, a PEG ratio of 2.61 and a beta of 1.59. The company has a debt-to-equity ratio of 241.05, a current ratio of 1.00 and a quick ratio of 0.65.

Brookfield Business Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were issued a $0.0625 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.25 annualized dividend and a yield of 0.6%. Brookfield Business Partners’s dividend payout ratio is presently -85.27%.

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. It generates maximum revenue from the Business Services segment. Geographically, it derives a majority of revenue from the United Kingdom and also has a presence in the United States of America; Europe; Australia; Canada; Brazil; Mexico and Other Countries.