Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 273.73 and traded as low as GBX 265.10. Ecofin Global Utilities and Infrastructure Trust shares last traded at GBX 267, with a volume of 142,195 shares trading hands.

Ecofin Global Utilities and Infrastructure Trust Price Performance

The company’s 50-day simple moving average is GBX 273.63 and its 200-day simple moving average is GBX 266.66. 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 stock has a market capitalization of £247.00 million, a price-to-earnings ratio of 4.11 and a beta of 1.00.

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

Insider Activity

In other Ecofin Global Utilities and Infrastructure Trust news, insider Susannah Nicklin bought 3,650 shares of Ecofin Global Utilities and Infrastructure Trust 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. Insiders own 1.82% of the company’s stock.

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.