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

Key Points

• Shares briefly crossed above their 50-day moving average, trading as high as C$50.80 intraday (50-day MA C$50.61) and last quoted at C$50.57 on volume of 768,209 shares, with the stock up about 2.4%.
• The company shows weak liquidity and high leverage, with a current ratio of 0.81, quick ratio of 0.45 and a very high debt-to-equity of 180.01, alongside a market cap of C$23.36 billion and a P/E of 76.62.
• Brookfield Infrastructure Partners owns long-life infrastructure assets across Utilities, Transport, Midstream and Data segments, with significant revenue exposure to Brazil and operations across multiple other countries.

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN - NYSE: BIP's stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$50.61 and traded as high as C$50.80. Brookfield Infrastructure Partners shares last traded at C$50.57, with a volume of 768,209 shares changing hands.

Brookfield Infrastructure Partners Trading Up 2.4%

The company has a current ratio of 0.81, a quick ratio of 0.45 and a debt-to-equity ratio of 180.01. The business's 50-day moving average is C$50.61 and its two-hundred day moving average is C$49.62. The firm has a market cap of C$23.36 billion, a P/E ratio of 76.62, a P/E/G ratio of -2.12 and a beta of 1.81.

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.

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