3i Infrastructure (LON:3IN) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

3i Infrastructure plc (LON:3IN)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 328.03 ($4.35) and traded as high as GBX 354.50 ($4.71). 3i Infrastructure shares last traded at GBX 354.50 ($4.71), with a volume of 12,768,409 shares trading hands.

3i Infrastructure Stock Up 1.1%

The firm’s 50 day simple moving average is GBX 344.85 and its 200 day simple moving average is GBX 328.03. The company has a market cap of £3.27 billion, a price-to-earnings ratio of 932.89 and a beta of 0.50. The company has a quick ratio of 0.57, a current ratio of 0.85 and a debt-to-equity ratio of 15.26.

3i Infrastructure (LON:3IN) last announced its quarterly earnings results on Thursday, May 8th. The company reported GBX 36.10 ($0.48) EPS for the quarter. 3i Infrastructure had a net margin of 92.78% and a return on equity of 10.77%. Sell-side analysts anticipate that 3i Infrastructure plc will post 2039.0836962 EPS for the current fiscal year.

Insider Activity at 3i Infrastructure

In other news, insider Stephanie Hazell purchased 8,701 shares of the company’s stock in a transaction on Thursday, July 17th. The shares were bought at an average price of GBX 345 ($4.58) per share, for a total transaction of £30,018.45 ($39,843.97). Insiders own 0.01% of the company’s stock.

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.