Brookfield Infrastructure Partners (TSE:BIP.UN) Hits New 1-Year High - Here's What Happened

Key Points

• Brookfield Infrastructure Partners shares reached a new 52-week high of C$63.53, closing at C$48.11 with a trading volume of 483,942 shares.
• The company has a market capitalization of C$22.34 billion and a high price-to-earnings ratio of 962.20, indicating significant valuation concerns.
• Brookfield Infrastructure focuses on acquiring infrastructure assets with low maintenance costs and high barriers to entry, which tend to generate stable cash flows over time.

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN - NYSE: BIP's share price reached a new 52-week high on Friday . The company traded as high as C$63.53 and last traded at C$48.11, with a volume of 483942 shares trading hands. The stock had previously closed at C$47.79.

Brookfield Infrastructure Partners Stock Performance

The firm has a fifty day moving average of C$43.41 and a 200-day moving average of C$43.51. The stock has a market capitalization of C$22.34 billion, a price-to-earnings ratio of 962.20, a PEG ratio of -2.12 and a beta of 1.85. The company has a quick ratio of 0.45, a current ratio of 0.81 and a debt-to-equity ratio of 180.01.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.