Brookfield Infrastructure Partners (TSE:BIP.UN) Share Price Passes Below 50-Day Moving Average - What's Next?

Key Points

• Brookfield Infrastructure Partners stock price fell below its fifty-day moving average of C$43.80, trading as low as C$41.90.
• The company has a market capitalization of C$19.71 billion and notable financial ratios indicating a high debt-to-equity ratio of 180.01.
• Despite the stock's decline, Brookfield Infrastructure Partners' shares showed a slight increase of 0.8% in recent trading activity.

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN - Get Free Report) NYSE: BIP shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$43.80 and traded as low as C$41.90. Brookfield Infrastructure Partners shares last traded at C$42.69, with a volume of 417,809 shares.

Brookfield Infrastructure Partners Stock Performance

The firm's 50 day moving average is C$43.67 and its two-hundred day moving average is C$43.39. The stock has a market capitalization of C$19.92 billion, a PE ratio of 862.80, a P/E/G ratio of -2.12 and a beta of 1.80. 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

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.