Brookfield Business Partners (TSE:BBU.UN) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Shares of Brookfield Business Partners LP (TSE:BBU.UN) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$47.50 and traded as low as C$40.64. Brookfield Business Partners shares last traded at C$41.80, with a volume of 29,667 shares trading hands.

Brookfield Business Partners Price Performance

The stock has a market capitalization of C$3.71 billion, a P/E ratio of -142.56, a price-to-earnings-growth ratio of 2.61 and a beta of 1.59. The business’s 50 day simple moving average is C$47.50 and its two-hundred day simple moving average is C$46.29. The company has a quick ratio of 0.65, a current ratio of 1.00 and a debt-to-equity ratio of 241.05.

Brookfield Business Partners Announces Dividend

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