Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Shares Cross Below Fifty Day Moving Average – Here’s Why

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 272.97 and traded as low as GBX 259.50. Ecofin Global Utilities and Infrastructure Trust shares last traded at GBX 262, with a volume of 150,257 shares.

Ecofin Global Utilities and Infrastructure Trust Stock Performance

The company has a market cap of £242.38 million, a PE ratio of 4.04 and a beta of 1.00. The company has a quick ratio of 0.04, a current ratio of 0.15 and a debt-to-equity ratio of 6.26. The company has a 50-day moving average of GBX 272.79 and a 200-day moving average of GBX 267.38.

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

Insider Activity

In other news, insider Susannah Nicklin bought 3,650 shares of the stock in a transaction dated Friday, June 12th. The stock was bought at an average price of GBX 272 per share, for a total transaction of £9,928. 1.82% of the stock is currently owned by insiders.

Ecofin Global Utilities and Infrastructure Trust Company Profile

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.