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Brookfield Infrastructure Partners (TSE:BIP.UN) Stock Price Passes 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's stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$41.32 and traded as high as C$45.31. Brookfield Infrastructure Partners shares last traded at C$44.81, with a volume of 326,526 shares traded.

Brookfield Infrastructure Partners Price Performance

The stock has a market cap of C$20.69 billion, a P/E ratio of -248.94, a price-to-earnings-growth ratio of -2.12 and a beta of 1.05. The firm has a 50-day moving average price of C$41.32 and a 200-day moving average price of C$44.95. 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

(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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