Shares of Brookfield Business Partners LP (TSE:BBU.UN) dropped 3.8% during mid-day trading on Monday . The company traded as low as C$41.02 and last traded at C$41.35, approximately 59,514 shares were traded during mid-day trading. A decline of 17% from the average daily volume of 72,012 shares. The stock had previously closed at C$42.98.

Separately, National Bank Financial cut their price objective on shares of Brookfield Business Partners from C$47.00 to C$42.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 22nd.

The company has a debt-to-equity ratio of 276.77, a current ratio of 1.19 and a quick ratio of 0.73. The company has a market cap of $3.33 billion and a price-to-earnings ratio of -110.86. The business has a 50 day simple moving average of C$42.91 and a 200 day simple moving average of C$47.15.

In other news, Director John Stewart Lacey purchased 500 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average cost of C$50.57 per share, with a total value of C$25,285.82. Following the acquisition, the director now owns 18,700 shares in the company, valued at approximately C$945,689.67. Also, Director Stephen Jon Girsky acquired 3,000 shares of the stock in a transaction on Friday, May 8th. The shares were bought at an average price of C$40.17 per share, for a total transaction of C$120,524.46. Following the purchase, the director now owns 13,400 shares in the company, valued at C$538,342.59.

Brookfield Business Partners Company Profile (TSE:BBU.UN)

Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments. Brookfield Business Partners L.P.

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