3i Infrastructure (LON:3IN) Hits New 52-Week Low – Should You Sell?

3i Infrastructure plc (LON:3IN)’s stock price reached a new 52-week low on Tuesday . The company traded as low as GBX 303 ($3.71) and last traded at GBX 310 ($3.79), with a volume of 1383241 shares. The stock had previously closed at GBX 306.50 ($3.75).

3i Infrastructure Price Performance

The stock’s 50-day simple moving average is GBX 321.20 and its two-hundred day simple moving average is GBX 331.11. The company has a market capitalization of £2.91 billion, a price-to-earnings ratio of 830.26 and a beta of 0.50. The company has a quick ratio of 0.57, a current ratio of 0.85 and a debt-to-equity ratio of 15.26.

3i Infrastructure Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, November 21st were given a GBX 6.33 ($0.08) dividend. This represents a dividend yield of 1.88%. This is a boost from 3i Infrastructure’s previous dividend of $5.95. The ex-dividend date of this dividend was Thursday, November 21st. 3i Infrastructure’s dividend payout ratio is 3,157.89%.

Insider Activity

In other news, insider Douglas Bannister acquired 6,115 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average price of GBX 327 ($4.00) per share, with a total value of £19,996.05 ($24,474.97). Also, insider Martin Magee acquired 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average cost of GBX 336 ($4.11) per share, with a total value of £10,080 ($12,337.82). Company insiders own 0.01% of the company’s stock.

3i Infrastructure Company Profile

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.