FTAI Infrastructure (NASDAQ:FIP) Releases Quarterly Earnings Results

FTAI Infrastructure (NASDAQ:FIP) issued its quarterly earnings results on Thursday. The company reported ($0.74) EPS for the quarter, Zacks reports. FTAI Infrastructure had a negative return on equity of 46.25% and a negative net margin of 44.32%.

FTAI Infrastructure Trading Up 3.8 %

Shares of NASDAQ:FIP traded up $0.21 during trading on Thursday, hitting $5.69. 1,398,393 shares of the company’s stock were exchanged, compared to its average volume of 1,053,045. The firm has a 50-day moving average price of $7.03 and a two-hundred day moving average price of $8.24. FTAI Infrastructure has a 1-year low of $4.28 and a 1-year high of $10.45. The firm has a market cap of $647.21 million, a P/E ratio of -2.87 and a beta of 1.44. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07.

FTAI Infrastructure Company Profile

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.