Brookfield Infrastructure Partners (TSE:BIP.UN) Hits New 1-Year High – Here’s Why

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as C$67.32 and last traded at C$49.98, with a volume of 309857 shares. The stock had previously closed at C$49.95.

Brookfield Infrastructure Partners Stock Performance

The firm’s 50 day simple moving average is C$48.30 and its 200-day simple moving average is C$46.35. The company has a debt-to-equity ratio of 180.01, a quick ratio of 0.45 and a current ratio of 0.81. The company has a market capitalization of C$23.22 billion, a price-to-earnings ratio of 55.66, a P/E/G ratio of -2.12 and a beta of 1.88.

Brookfield Infrastructure Partners (TSE:BIP.UN) (NYSE:BIP) last issued its earnings results on Thursday, January 29th. The company reported C$0.61 EPS for the quarter. Brookfield Infrastructure Partners had a positive return on equity of 5.21% and a negative net margin of 0.09%.The business had revenue of C$8.32 billion during the quarter. Analysts expect that Brookfield Infrastructure Partners L.P. will post 0.9401645 EPS for the current year.

About Brookfield Infrastructure Partners

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.