3i Group (LON:III) Reaches New 1-Year High – Should You Buy?

3i Group (LON:III)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 3,693 ($46.88) and last traded at GBX 3,682 ($46.74), with a volume of 10441002 shares trading hands. The stock had previously closed at GBX 3,657 ($46.42).

3i Group Trading Up 0.2 %

The firm has a market capitalization of £35.49 billion, a P/E ratio of 925.44, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01. The company has a quick ratio of 0.09, a current ratio of 3.23 and a debt-to-equity ratio of 6.20. The firm’s 50-day simple moving average is GBX 3,351.98 and its 200-day simple moving average is GBX 3,144.08.

3i Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, November 28th will be issued a GBX 30.50 ($0.39) dividend. The ex-dividend date of this dividend is Thursday, November 28th. This represents a dividend yield of 0.92%. 3i Group’s payout ratio is 1,536.52%.

About 3i Group

3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.