Sequoia Economic Infrastructure (LON:SEQI) Shares Cross Below 50 Day Moving Average – Should You Sell?

Sequoia Economic Infrastructure Inc (LON:SEQI) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 78.32 and traded as low as GBX 77.80. Sequoia Economic Infrastructure shares last traded at GBX 78.60, with a volume of 40,206,398 shares traded.

Sequoia Economic Infrastructure Trading Up 0.4%

The firm has a market cap of £1.18 billion and a PE ratio of 15.62. The firm has a fifty day simple moving average of GBX 78.32 and a two-hundred day simple moving average of GBX 79.05.

Sequoia Economic Infrastructure (LON:SEQI) last announced its earnings results on Tuesday, December 2nd. The company reported GBX 4.40 EPS for the quarter.

Insider Activity

In related news, insider James Stewart purchased 12,843 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was bought at an average cost of GBX 78 per share, with a total value of £10,017.54. 0.07% of the stock is owned by corporate insiders.

About Sequoia Economic Infrastructure

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.