Brookfield Infrastructure Partners (TSE:BIP.UN) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$41.32 and traded as high as C$45.31. Brookfield Infrastructure Partners shares last traded at C$44.81, with a volume of 326,526 shares.

Brookfield Infrastructure Partners Trading Down 0.6%

The firm has a market cap of C$20.69 billion, a P/E ratio of -248.94, a price-to-earnings-growth ratio of -2.12 and a beta of 1.05. The stock has a fifty day simple moving average of C$41.32 and a 200 day simple moving average of C$44.95. 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.