Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Share Price Crosses Below 50 Day Moving Average – Here’s What Happened

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGLGet Free Report) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 274.41 and traded as low as GBX 268. Ecofin Global Utilities and Infrastructure Trust shares last traded at GBX 268, with a volume of 691,436 shares traded.

Ecofin Global Utilities and Infrastructure Trust Stock Performance

The firm’s fifty day moving average price is GBX 274.41 and its 200-day moving average price is GBX 265.15. The company has a market cap of £247.67 million, a P/E ratio of 4.15 and a beta of 1.00. The company has a current ratio of 0.15, a quick ratio of 0.04 and a debt-to-equity ratio of 6.26.

Ecofin Global Utilities and Infrastructure Trust (LON:EGLGet Free Report) last released its earnings results on Wednesday, June 3rd. The company reported GBX 1.92 earnings per share for the quarter. Ecofin Global Utilities and Infrastructure Trust had a net margin of 271.70% and a return on equity of 25.45%. The business had revenue of GBX 317 million during the quarter.

Insider Buying and Selling

In other news, insider Susannah Nicklin purchased 3,650 shares of the business’s stock in a transaction on Friday, June 12th. The stock was purchased at an average price of GBX 272 per share, with a total value of £9,928. 1.84% of the stock is currently owned by company insiders.

About Ecofin Global Utilities and Infrastructure Trust

(Get Free Report)

Ecofin Global Utilities and Infrastructure Trust plc is a closed-ended equity mutual fund launched and managed by Tortoise Advisors UK Limited. manages assets for clients worldwide. The fund invests in the public equity markets across the globe. It primarily invests in growth stocks of companies. The fund seeks to invests in utility and infrastructure companies in developed countries. Ecofin Global Utilities and Infrastructure Trust plc was formed on September 26, 2016 and is domiciled in the United Kingdom.

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