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Brookfield Infrastructure Partners (TSE:BIP.UN) Share Price Crosses Above 50-Day Moving Average - Here's What Happened

Brookfield Infrastructure Partners logo with Utilities background

Shares of Brookfield Infrastructure Partners L.P. (TSE:BIP.UN - Get Free Report) NYSE: BIP crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$42.65 and traded as high as C$46.04. Brookfield Infrastructure Partners shares last traded at C$45.77, with a volume of 303,790 shares.

Brookfield Infrastructure Partners Stock Performance

The company has a fifty day moving average of C$42.65 and a two-hundred day moving average of C$44.64. The firm has a market capitalization of C$21.04 billion, a price-to-earnings ratio of -253.22, a PEG ratio of -2.12 and a beta of 1.05. The company has a debt-to-equity ratio of 180.01, a quick ratio of 0.45 and a current ratio of 0.81.

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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