3i Infrastructure (LON:3IN) Share Price Crosses Below 200-Day Moving Average – Here’s Why

3i Infrastructure plc (LON:3IN) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 360.31 and traded as low as GBX 347.50. 3i Infrastructure shares last traded at GBX 348, with a volume of 2,916,152 shares traded.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 450 price objective on shares of 3i Infrastructure in a report on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, 3i Infrastructure has an average rating of “Buy” and an average price target of GBX 450.

3i Infrastructure Stock Performance

The company has a quick ratio of 0.57, a current ratio of 0.85 and a debt-to-equity ratio of 15.26. The stock has a fifty day moving average price of GBX 372.75 and a 200-day moving average price of GBX 360.31. The firm has a market cap of £3.18 billion, a price-to-earnings ratio of 7.53 and a beta of 0.50.

3i Infrastructure (LON:3IN) last issued its quarterly earnings results on Tuesday, November 11th. The company reported GBX 28 earnings per share for the quarter. 3i Infrastructure had a return on equity of 10.77% and a net margin of 92.78%. On average, analysts expect that 3i Infrastructure plc will post 2039.0836962 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Lisa Gordon purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average cost of GBX 376 per share, with a total value of £37,600. Also, insider Martin Magee acquired 3,000 shares of 3i Infrastructure stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average price of GBX 367 per share, with a total value of £11,010. Insiders have bought a total of 19,927 shares of company stock valued at $7,354,720 over the last quarter. Corporate insiders own 0.08% of the company’s stock.

About 3i Infrastructure

3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company, an approved UK Investment Trust, listed on the London Stock Exchange and regulated by the Jersey Financial Services Commission. The Company’s purpose is to deliver a long-term sustainable return to shareholders from investing in infrastructure.

3i Investments plc, a wholly-owned subsidiary of 3i Group plc, is authorised and regulated in the UK by the Financial Conduct Authority and acts as Investment Manager to 3i Infrastructure plc.