Brookfield Infrastructure Partners (TSE:BIP.UN) Stock Passes Above 50-Day Moving Average – Here’s Why

Shares of Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$46.81 and traded as high as C$50.00. Brookfield Infrastructure Partners shares last traded at C$49.58, with a volume of 599,043 shares changing hands.

Brookfield Infrastructure Partners Stock Performance

The firm’s fifty day simple moving average is C$47.07 and its 200 day simple moving average is C$45.16. The company has a market capitalization of C$22.81 billion, a price-to-earnings ratio of 73.31, a PEG ratio of -2.12 and a beta of 1.91. The company has a debt-to-equity ratio of 180.01, a current ratio of 0.81 and a quick ratio of 0.45.

Brookfield Infrastructure Partners Company Profile

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.