Sequoia Economic Infrastructure (LON:SEQI) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Sequoia Economic Infrastructure Inc (LON:SEQI) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 84.22 and traded as high as GBX 87. Sequoia Economic Infrastructure shares last traded at GBX 86.72, with a volume of 1,782,771 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SEQI. Canaccord Genuity Group restated a “hold” rating and set a GBX 81 price target on shares of Sequoia Economic Infrastructure in a report on Tuesday, April 21st. Jefferies Financial Group restated a “buy” rating on shares of Sequoia Economic Infrastructure in a research note on Friday, April 17th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 81.

Sequoia Economic Infrastructure Price Performance

The business’s 50 day moving average is GBX 84.32 and its two-hundred day moving average is GBX 81.52. The firm has a market capitalization of £1.25 billion, a PE ratio of 12.52 and a beta of 0.75.

Sequoia Economic Infrastructure (LON:SEQI) last announced its earnings results on Thursday, June 11th. The company reported GBX 6.83 earnings per share (EPS) for the quarter. The company had revenue of £126.69 million during the quarter. Sequoia Economic Infrastructure had a net margin of 83.60% and a return on equity of 7.39%.

Sequoia Economic Infrastructure Company Profile

Sequoia Economic Infrastructure Income Fund Limited invests in a diversified portfolio of senior and subordinated economic infrastructure debt investments through its subsidiary Sequoia IDF Asset Holdings SA The Company operates through investment in senior and subordinated infrastructure debt instruments and related and/or similar assets segment. Its investment objective is to provide investors with regular, sustained, long-term distributions and capital appreciation from a diversified portfolio of senior and subordinated economic infrastructure debt investments.