Brookfield Business Partners (TSE:BBU.UN) Stock Passes Below Fifty Day Moving Average of $26.61

Brookfield Business Partners LP (TSE:BBU.UN) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$26.61 and traded as low as C$25.03. Brookfield Business Partners shares last traded at C$25.65, with a volume of 19,355 shares changing hands.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada decreased their price target on shares of Brookfield Business Partners from C$33.00 to C$32.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th.

Brookfield Business Partners Stock Up 0.1 %

The business’s 50 day simple moving average is C$26.53 and its 200 day simple moving average is C$27.12. The company has a market capitalization of C$1.91 billion, a PE ratio of 3.11, a P/E/G ratio of 2.61 and a beta of 1.45. The company has a debt-to-equity ratio of 237.54, a current ratio of 1.10 and a quick ratio of 0.65.

Brookfield Business Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 28th will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, May 31st. Brookfield Business Partners’s dividend payout ratio (DPR) is 4.12%.

Brookfield Business Partners Company Profile

Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments. Brookfield Business Partners L.P.