Brookfield Infrastructure Partners (TSE:BIP.UN) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$48.67 and traded as low as C$46.11. Brookfield Infrastructure Partners shares last traded at C$46.33, with a volume of 441,434 shares traded.

Brookfield Infrastructure Partners Stock Down 2.6%

The business’s 50-day moving average is C$48.67 and its two-hundred day moving average is C$45.98. The firm has a market capitalization of C$21.48 billion, a price-to-earnings ratio of 69.15, a P/E/G ratio of -2.12 and a beta of 1.88. The company has a debt-to-equity ratio of 180.01, a quick ratio of 0.45 and a current ratio of 0.81.

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.