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Brookfield Infrastructure Partners (TSE:BIP.UN) Shares Cross Above 50-Day Moving Average - Here's Why

Brookfield Infrastructure Partners logo with Utilities background

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN - Get Free Report) NYSE: BIP passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$41.90 and traded as high as C$44.92. Brookfield Infrastructure Partners shares last traded at C$44.92, with a volume of 412,734 shares changing hands.

Brookfield Infrastructure Partners Stock Performance

The stock's 50 day moving average price is C$42.13 and its 200 day moving average price is C$44.78. 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 market capitalization of C$21.09 billion, a P/E ratio of -253.78, a price-to-earnings-growth ratio of -2.12 and a beta of 1.05.

About Brookfield Infrastructure Partners

(Get Free Report)

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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