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

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

3i Infrastructure Stock Performance

The company has a debt-to-equity ratio of 15.26, a quick ratio of 0.57 and a current ratio of 0.85. The firm’s 50 day moving average is GBX 321.20 and its 200-day moving average is GBX 331.11. The stock has a market capitalization of £2.91 billion, a price-to-earnings ratio of 830.26 and a beta of 0.50.

3i Infrastructure Increases Dividend

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

Insider Activity at 3i Infrastructure

In related news, insider Douglas Bannister acquired 6,115 shares of 3i Infrastructure stock in a transaction on Tuesday, November 19th. The stock was bought at an average cost of GBX 327 ($4.00) per share, for a total transaction of £19,996.05 ($24,474.97). Also, insider Martin Magee acquired 3,000 shares of 3i Infrastructure stock in a transaction on Tuesday, November 12th. The shares were bought at an average price 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.