3i Infrastructure (LON:3IN) Reaches New 52-Week High – What’s Next?

3i Infrastructure plc (LON:3IN) hit a new 52-week high on Wednesday . The stock traded as high as GBX 379 and last traded at GBX 379, with a volume of 987659 shares. The stock had previously closed at GBX 377.

3i Infrastructure Trading Up 0.5%

The stock has a fifty day moving average of GBX 365.99 and a 200-day moving average of GBX 356.05. 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 company has a market cap of £3.50 billion, a PE ratio of 8.28 and a beta of 0.50.

3i Infrastructure (LON:3IN) last released its earnings results on Tuesday, November 11th. The company reported GBX 28 earnings per share for the quarter. 3i Infrastructure had a return on equity of 10.77% and a net margin of 92.78%. Sell-side analysts anticipate that 3i Infrastructure plc will post 2039.0836962 EPS for the current fiscal year.

Insider Activity at 3i Infrastructure

In related news, insider Milton Fernandes acquired 6,927 shares of the stock in a transaction on Tuesday, November 18th. The stock was bought at an average cost of GBX 360 per share, with a total value of £24,937.20. Also, insider Martin Magee bought 3,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was bought at an average price of GBX 367 per share, for a total transaction of £11,010. Insiders purchased 19,927 shares of company stock worth $7,354,720 in the last 90 days. 0.08% of the stock is owned by corporate 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.