3i Infrastructure (LON:3IN) Reaches New 1-Year Low – Time to Sell?

3i Infrastructure plc (LON:3IN)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as GBX 307 ($3.78) and last traded at GBX 313 ($3.85), with a volume of 565140 shares changing hands. The stock had previously closed at GBX 315 ($3.88).

3i Infrastructure Price 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 stock has a market capitalization of £2.84 billion, a price-to-earnings ratio of 811.02 and a beta of 0.50. The business’s 50 day simple moving average is GBX 321.86 and its 200-day simple moving average is GBX 331.52.

3i Infrastructure Increases Dividend

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

Insider Activity at 3i Infrastructure

In related news, insider Douglas Bannister bought 6,115 shares of the stock in a transaction on Tuesday, November 19th. The shares were purchased at an average price of GBX 327 ($4.02) per share, with a total value of £19,996.05 ($24,604.47). Also, insider Martin Magee purchased 3,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were bought at an average price of GBX 336 ($4.13) per share, for a total transaction of £10,080 ($12,403.10). 0.01% of the stock is owned by insiders.

About 3i Infrastructure

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.