3i Infrastructure (LON:3IN) Shares Cross Above 200 Day Moving Average - Here's Why

Key Points

• The shares of 3i Infrastructure plc exceeded their 200-day moving average, reaching a high of GBX 356.50 ($4.81) during trading.
• 3i Infrastructure has a market capitalization of £3.15 billion and a P/E ratio of 945.42, indicating significant valuation metrics.
• Insider Stephanie Hazell purchased 8,701 shares at an average price of GBX 345, reflecting confidence in the company's stock.

Shares of 3i Infrastructure plc (LON:3IN - ) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 333.46 ($4.50) and traded as high as GBX 356.50 ($4.81). 3i Infrastructure shares last traded at GBX 341.30 ($4.61), with a volume of 6,660,204 shares traded.

3i Infrastructure Price Performance

The firm has a market capitalization of £3.15 billion, a P/E ratio of 945.42 and a beta of 0.50. 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's 50 day simple moving average is GBX 347.35 and its 200 day simple moving average is GBX 333.46.

Insider Activity

In related news, insider Stephanie Hazell purchased 8,701 shares of the business's stock in a transaction dated Thursday, July 17th. The stock was acquired at an average price of GBX 345 per share, for a total transaction of £30,018.45. 0.07% of the stock is owned by corporate insiders.

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.

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