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

Brookfield Business Partners LP (TSE:BBU.UN)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$46.78 and traded as low as C$45.26. Brookfield Business Partners shares last traded at C$48.00, with a volume of 104,051 shares.

Brookfield Business Partners Price Performance

The business has a 50-day simple moving average of C$46.08 and a two-hundred day simple moving average of C$46.84. 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 stock has a market capitalization of C$4.26 billion, a price-to-earnings ratio of -163.71, a P/E/G ratio of 2.61 and a beta of 1.59.

Brookfield Business Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders 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 dividend yield of 0.5%. Brookfield Business Partners’s dividend payout ratio is -85.27%.

About Brookfield Business Partners

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.