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Brookfield Infrastructure Partners (TSE:BIP.UN) Stock Price Crosses 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 shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$43.34 and traded as high as C$45.24. Brookfield Infrastructure Partners shares last traded at C$45.14, with a volume of 206,587 shares changing hands.

Brookfield Infrastructure Partners Stock Performance

The company has a 50-day moving average price of C$43.40 and a two-hundred day moving average price of C$44.45. The stock has a market capitalization of C$20.88 billion, a P/E ratio of -251.28, a PEG ratio of -2.12 and a beta of 1.05. 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

(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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