3i Infrastructure (LON:3IN) Reaches New 52-Week High – Here’s Why

3i Infrastructure plc (LON:3IN)’s share price reached a new 52-week high on Wednesday . The company traded as high as GBX 381.50 and last traded at GBX 380.51, with a volume of 426826 shares. The stock had previously closed at GBX 379.50.

3i Infrastructure Stock Performance

The company’s fifty day simple moving average is GBX 368.10 and its 200 day simple moving average is GBX 357.16. The stock has a market capitalization of £3.51 billion, a P/E ratio of 8.31 and a beta of 0.50. The company has a current ratio of 0.85, a quick ratio of 0.57 and a debt-to-equity ratio of 15.26.

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

Insider Transactions at 3i Infrastructure

In related news, insider Milton Fernandes bought 6,927 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was acquired at an average cost of GBX 360 per share, for a total transaction of £24,937.20. Also, insider Lisa Gordon purchased 10,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was bought at an average cost of GBX 376 per share, with a total value of £37,600. Over the last 90 days, insiders acquired 19,927 shares of company stock valued at $7,354,720. 0.08% 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.