Brookfield Infrastructure Partners (TSE:BIP.UN) Stock Passes Above Fifty Day Moving Average - Should You Sell?

Key Points

• Brookfield Infrastructure Partners' stock price surpassed its 50-day moving average of C$42.84, with a recent high of C$43.06 during trading, indicating positive momentum.
• The company's market capitalization is approximately C$19.90 billion, with a P/E ratio of 857.00 and a debt-to-equity ratio of 180.01, highlighting its financial structure and stability.
• Brookfield Infrastructure focuses on acquiring infrastructure assets that generate stable cash flows with low maintenance costs and high barriers to entry, aiming for long-term value appreciation.

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN - Get Free Report) NYSE: BIP shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$42.84 and traded as high as C$43.06. Brookfield Infrastructure Partners shares last traded at C$42.85, with a volume of 388,518 shares trading hands.

Brookfield Infrastructure Partners Price Performance

The company has a debt-to-equity ratio of 180.01, a quick ratio of 0.45 and a current ratio of 0.81. The company has a 50-day moving average of C$42.81 and a 200-day moving average of C$43.04. The firm has a market capitalization of C$19.81 billion, a price-to-earnings ratio of 853.00, a price-to-earnings-growth ratio of -2.12 and a beta of 1.86.

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.