International Public Partnerships (LON:INPP) Shares Cross Above 50-Day Moving Average of $124.84

Posted by Elija Maina on Jun 14th, 2024

International Public Partnerships (LON:INPP – Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 124.84 ($1.59) and traded as high as GBX 125.16 ($1.59). International Public Partnerships shares last traded at GBX 125 ($1.59), with a volume of 3,325,000 shares changing hands.

International Public Partnerships Price Performance

The stock has a market cap of £2.37 billion, a PE ratio of 12,470.00 and a beta of 0.31. The company has a quick ratio of 24.20, a current ratio of 15.69 and a debt-to-equity ratio of 2.23. The company’s fifty day moving average is GBX 124.79 and its 200 day moving average is GBX 127.56.

International Public Partnerships Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, April 11th were paid a GBX 4.07 ($0.05) dividend. This represents a dividend yield of 3.24%. The ex-dividend date was Thursday, April 11th. This is an increase from International Public Partnerships’s previous dividend of $4.06. International Public Partnerships’s dividend payout ratio (DPR) is currently 80,000.00%.

Insider Buying and Selling

In related news, insider Julia Bond bought 15,924 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was bought at an average price of GBX 126 ($1.60) per share, with a total value of £20,064.24 ($25,549.78). 0.14% of the stock is owned by corporate insiders.

International Public Partnerships Company Profile

(Get Free Report)

International Public Partnerships Limited specializes in investments in broader infrastructure sector with a focus on public or social infrastructure. The fund seeks acquisition opportunities that may be single assets, portfolios, shares in companies, or interest in partnerships. It also seeks to invest in private finance initiative and public private partnerships procurement model for public infrastructure in developed countries.