Brookfield Infrastructure (TSE:BIPC) Trading Down 1.5% – Here’s What Happened

Brookfield Infrastructure Co. (TSE:BIPC) shares were down 1.5% during mid-day trading on Thursday . The stock traded as low as C$68.15 and last traded at C$68.17. Approximately 214,064 shares were traded during trading, an increase of 27% from the average daily volume of 167,899 shares. The stock had previously closed at C$69.19.

Brookfield Infrastructure Trading Down 1.5%

The firm has a market cap of C$8.12 billion, a PE ratio of -33.68 and a beta of 1.87. The company has a debt-to-equity ratio of -1,758.64, a current ratio of 0.49 and a quick ratio of 0.24. The stock’s fifty day simple moving average is C$63.67 and its 200-day simple moving average is C$60.78.

Brookfield Infrastructure (TSE:BIPC) last issued its earnings results on Friday, November 7th. The company reported C$0.83 earnings per share (EPS) for the quarter. The company had revenue of C$1.28 billion during the quarter. Brookfield Infrastructure had a positive return on equity of 196.70% and a negative net margin of 18.82%.

Brookfield Infrastructure Company Profile

Brookfield Infrastructure Corp along with its subsidiaries is engaged in owning and operating regulated utility investments in Brazil and the United Kingdom. The group’s operations include utilities, transport, energy, and data infrastructure businesses in North and South America, Europe, and the Asia Pacific. The company generates a majority of its revenue from regulated gas transmission operations. Geographically, it generates maximum revenue from Brazil.