Brookfield Infrastructure Partners (TSE:BIP.UN) Share Price Passes Above 50 Day Moving Average – What’s Next?

Brookfield Infrastructure Partners L.P. (TSE:BIP.UNGet Free Report) (NYSE:BIP)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$46.81 and traded as high as C$50.00. Brookfield Infrastructure Partners shares last traded at C$49.58, with a volume of 599,043 shares trading hands.

Brookfield Infrastructure Partners Price Performance

The company has a 50 day moving average of C$46.81 and a 200 day moving average of C$45.09. The company has a debt-to-equity ratio of 180.01, a quick ratio of 0.45 and a current ratio of 0.81. The stock has a market capitalization of C$23.03 billion, a price-to-earnings ratio of 74.00, a PEG ratio of -2.12 and a beta of 1.91.

About Brookfield Infrastructure Partners

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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.

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