Brookfield Infrastructure Partners (TSE:BIP.UN) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Shares of Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$51.30 and traded as high as C$54.79. Brookfield Infrastructure Partners shares last traded at C$54.10, with a volume of 247,488 shares traded.

Brookfield Infrastructure Partners Price Performance

The company’s 50 day moving average price is C$51.30 and its 200-day moving average price is C$50.31. The company has a market capitalization of C$24.89 billion, a PE ratio of 81.97, a PEG ratio of -2.12 and a beta of 2.07. The company has a current ratio of 0.81, a quick ratio of 0.45 and a debt-to-equity ratio of 180.01.

Brookfield Infrastructure Partners (TSE:BIP.UN) (NYSE:BIP) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C($0.28) earnings per share (EPS) for the quarter. Brookfield Infrastructure Partners had a negative net margin of 0.09% and a positive return on equity of 5.21%. The company had revenue of C$8.76 billion for the quarter. On average, sell-side analysts forecast that Brookfield Infrastructure Partners L.P. will post 0.9401645 earnings per share for the current fiscal year.

About Brookfield Infrastructure Partners

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. The company’s segments consist of Utilities, Transport, Midstream, and Data. Geographically, it generates maximum revenue from Brazil and also has a presence in Australia, Colombia, United Kingdom, Canada, United States of America, Chile, Peru, India, and other countries.