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

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

3i Infrastructure Price Performance

The business’s 50-day moving average price is GBX 367.16 and its two-hundred day moving average price is GBX 356.58. The firm has a market cap of £3.49 billion, a price-to-earnings ratio of 8.25 and a beta of 0.50. The company has a debt-to-equity ratio of 15.26, a current ratio of 0.85 and a quick ratio of 0.57.

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

Insider Buying and Selling

In other 3i Infrastructure news, insider Lisa Gordon purchased 10,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were bought at an average cost of GBX 376 per share, with a total value of £37,600. Also, insider Martin Magee purchased 3,000 shares of the stock in a transaction on Wednesday, November 12th. The stock was acquired at an average cost of GBX 367 per share, for a total transaction of £11,010. Over the last quarter, insiders have bought 19,927 shares of company stock worth $7,354,720. Insiders own 0.08% 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.