Brookfield Infrastructure Partners (TSE:BIP.UN) Share 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 Thursday . The stock has a 50 day moving average of C$42.84 and traded as high as C$43.06. Brookfield Infrastructure Partners shares last traded at C$42.85, with a volume of 388,518 shares changing hands.

Brookfield Infrastructure Partners Stock Performance

The firm has a fifty day moving average of C$42.84 and a 200-day moving average of C$43.05. The firm has a market cap of C$19.90 billion, a P/E ratio of 857.00, a PEG ratio of -2.12 and a beta of 1.86. The company has a quick ratio of 0.45, a current ratio of 0.81 and a debt-to-equity ratio of 180.01.

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.