3i Group (LON:III) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

3i Group (LON:III - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,903.77 ($53.57) and traded as high as GBX 4,187 ($57.46). 3i Group shares last traded at GBX 4,140.06 ($56.81), with a volume of 1,670,649 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Citigroup reaffirmed a "buy" rating and issued a GBX 4,850 ($66.56) target price on shares of 3i Group in a report on Tuesday, April 15th.

3i Group Stock Up 0.0%

The business's fifty day moving average price is GBX 4,137.41 and its 200 day moving average price is GBX 3,903.77. The company has a quick ratio of 0.09, a current ratio of 3.25 and a debt-to-equity ratio of 6.20. The firm has a market capitalization of £39.97 billion, a PE ratio of 10.44, a PEG ratio of -0.35 and a beta of 1.01.

3i Group (LON:III - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported GBX 522 ($7.16) EPS for the quarter. 3i Group had a net margin of 96.45% and a return on equity of 19.97%. On average, equities research analysts forecast that 3i Group will post 622.7106227 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider James Hatchley sold 15,918 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of GBX 4,057 ($55.67), for a total transaction of £645,793.26 ($886,226.51). Also, insider Jasi Halai sold 6,387 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of GBX 4,057 ($55.67), for a total transaction of £259,120.59 ($355,592.96). 3.02% of the stock is currently owned by corporate insiders.

3i Group Company Profile

3i is an investment company with two complementary businesses, Private Equity and Infrastructure. We focus on opportunities where our sector and investment expertise, combined with our international presence and strong capital position, can create material value for our stakeholders.

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