Brookfield Infrastructure Partners (TSE:BIP.UN) Hits New 52-Week High – Time to Buy?

Shares of Brookfield Infrastructure Partners L.P. (TSE:BIP.UNGet Free Report) (NYSE:BIP) reached a new 52-week high on Monday . The stock traded as high as C$50.20 and last traded at C$50.12, with a volume of 60628 shares. The stock had previously closed at C$49.36.

Brookfield Infrastructure Partners Trading Up 1.9%

The firm has a fifty day moving average of C$45.93 and a two-hundred day moving average of C$44.70. The company has a market cap of C$23.31 billion, a PE ratio of 1,006.00, a price-to-earnings-growth ratio of -2.12 and a beta of 1.91. The company has a current ratio of 0.81, a quick ratio of 0.45 and a debt-to-equity ratio of 180.01.

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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