Brookfield Business Partners (TSE:BBU.UN) Shares Pass Below Fifty Day Moving Average of $27.74

Brookfield Business Partners LP (TSE:BBU.UN - Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$27.74 and traded as low as C$26.26. Brookfield Business Partners shares last traded at C$26.64, with a volume of 8,277 shares traded.

Wall Street Analysts Forecast Growth

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

Brookfield Business Partners Stock Up 0.6 %

The company has a debt-to-equity ratio of 245.64, a quick ratio of 0.65 and a current ratio of 1.04. The company has a market capitalization of C$1.99 billion, a price-to-earnings ratio of 3.00, a P/E/G ratio of 2.61 and a beta of 1.42. The stock's fifty day simple moving average is C$27.70 and its two-hundred day simple moving average is C$26.51.

Brookfield Business Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 28th will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Thursday, May 30th. Brookfield Business Partners's payout ratio is 3.80%.

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.