Brookfield Business Partners (TSE:BBU.UN) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Brookfield Business Partners LP (TSE:BBU.UN) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$44.64 and traded as low as C$43.70. Brookfield Business Partners shares last traded at C$43.70, with a volume of 23,532 shares traded.

Brookfield Business Partners Price Performance

The firm has a 50-day moving average of C$44.64 and a 200-day moving average of C$38.14. The company has a debt-to-equity ratio of 241.05, a quick ratio of 0.65 and a current ratio of 1.00. The firm has a market capitalization of C$3.88 billion, a P/E ratio of -23.88, a PEG ratio of 2.61 and a beta of 1.84.

Brookfield Business Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 29th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, August 29th. Brookfield Business Partners’s dividend payout ratio is presently -13.66%.

About Brookfield Business Partners

Brookfield Business Partners LP is a business services and industrials company. It focused on operating businesses that are either low-cost producers and benefit from high barriers to entry. The company’s operating segment includes Business services; Infrastructure services; Industrials and Corporate and others.