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

Brookfield Infrastructure Partners logo with Utilities background
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Key Points

  • Technical signal: Brookfield Infrastructure (TSE:BIP.UN / NYSE:BIP) briefly crossed below its 50-day moving average, trading as low as C$49.83 vs. a 50-day MA of C$50.28, with the stock last at C$51.60 on volume of 671,304 shares.
  • Mixed fundamentals: The company has a C$23.92B market cap but shows high valuation (P/E 57.33), a negative net margin (-0.09%) and modest ROE (5.21%), together with heavy leverage (debt-to-equity 180.01) and low liquidity (quick ratio 0.45, current ratio 0.81).
  • Five stocks we like better than Brookfield Infrastructure Partners.

Shares of Brookfield Infrastructure Partners L.P. (TSE:BIP.UN - Get Free Report) NYSE: BIP crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$50.28 and traded as low as C$49.83. Brookfield Infrastructure Partners shares last traded at C$51.60, with a volume of 671,304 shares traded.

Brookfield Infrastructure Partners Stock Performance

The company has a market cap of C$23.92 billion, a P/E ratio of 57.33, a PEG ratio of -2.12 and a beta of 1.84. The company has a quick ratio of 0.45, a current ratio of 0.81 and a debt-to-equity ratio of 180.01. The company has a 50 day moving average price of C$50.28 and a 200-day moving average price of C$48.15.

Brookfield Infrastructure Partners (TSE:BIP.UN - Get Free Report) NYSE: BIP last issued its quarterly earnings data on Thursday, January 29th. The company reported C$0.61 earnings per share for the quarter. The business had revenue of C$8.32 billion for the quarter. Brookfield Infrastructure Partners had a negative net margin of 0.09% and a positive return on equity of 5.21%. Equities analysts expect that Brookfield Infrastructure Partners L.P. will post 0.9401645 EPS for the current fiscal year.

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. 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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