Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Trading Down 0.3% – Here’s Why

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL)’s share price dropped 0.3% during mid-day trading on Tuesday . The stock traded as low as GBX 277.60 and last traded at GBX 278.27. Approximately 95,946 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 266,717 shares. The stock had previously closed at GBX 279.

Ecofin Global Utilities and Infrastructure Trust Stock Performance

The company has a debt-to-equity ratio of 6.26, a current ratio of 0.15 and a quick ratio of 0.04. The company has a market cap of £255.54 million, a price-to-earnings ratio of 4.29 and a beta of 1.04. The stock has a 50-day moving average price of GBX 274.72 and a 200 day moving average price of GBX 263.90.

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

Insider Buying and Selling at Ecofin Global Utilities and Infrastructure Trust

In related news, insider Susannah Nicklin acquired 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, with a total value of £9,928. 1.84% of the stock is owned by company 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.