Brookfield Business Partners (TSE:BBU.UN) Share Price Crosses Below 50 Day Moving Average – What’s Next?

Shares of Brookfield Business Partners LP (TSE:BBU.UN) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$48.67 and traded as low as C$47.69. Brookfield Business Partners shares last traded at C$48.22, with a volume of 9,970 shares traded.

Brookfield Business Partners Stock Performance

The company has a market cap of C$4.28 billion, a P/E ratio of -164.46, a price-to-earnings-growth ratio of 2.61 and a beta of 1.89. The company has a quick ratio of 0.65, a current ratio of 1.00 and a debt-to-equity ratio of 241.05. The stock has a 50 day moving average price of C$48.67 and a two-hundred day moving average price of C$45.01.

Brookfield Business Partners Company Profile

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. It generates maximum revenue from the Business Services segment. Geographically, it derives a majority of revenue from the United Kingdom and also has a presence in the United States of America; Europe; Australia; Canada; Brazil; Mexico and Other Countries.