Brookfield Infrastructure Partners (TSE:BIP.UN) Stock Crosses Above Fifty Day Moving Average – What’s Next?

by · The Cerbat Gem

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN – Get Free Report) (NYSE:BIP)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$48.60 and traded as high as C$49.05. Brookfield Infrastructure Partners shares last traded at C$48.42, with a volume of 321,325 shares traded.

Brookfield Infrastructure Partners Price Performance

The firm has a 50 day moving average price of C$48.59 and a 200 day moving average price of C$46.09. The stock has a market capitalization of C$22.67 billion, a PE ratio of 72.99, a price-to-earnings-growth ratio of -2.12 and a beta of 1.88. The company has a current ratio of 0.81, a quick ratio of 0.45 and a debt-to-equity ratio of 180.01.

About Brookfield Infrastructure Partners

(Get Free Report)

Brookfield Infrastructure Partners LP is a Bermuda exempted limited partnership that owns and operates quality, long-life assets that generate stable cash flows, by virtue of barriers to entry or other characteristics tend to appreciate in value over time. It focuses on acquiring infrastructure assets that have low maintenance capital costs and high barriers to entry. The company’s segments consist of Utilities, Transport, Midstream, and Data. Geographically, it generates maximum revenue from Brazil and also has a presence in Australia, Colombia, United Kingdom, Canada, United States of America, Chile, Peru, India, and other countries.

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