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Brookfield Infrastructure (TSE:BIPC) Shares Down 3.3% - Here's Why

Brookfield Infrastructure logo with Utilities background

Brookfield Infrastructure Co. (TSE:BIPC - Get Free Report) shares dropped 3.3% during mid-day trading on Thursday . The company traded as low as C$50.75 and last traded at C$51.84. Approximately 246,928 shares were traded during mid-day trading, an increase of 21% from the average daily volume of 204,648 shares. The stock had previously closed at C$53.62.

Brookfield Infrastructure Trading Down 2.3 %

The company has a quick ratio of 0.24, a current ratio of 0.49 and a debt-to-equity ratio of -1,758.64. The company's 50-day moving average is C$55.07 and its 200-day moving average is C$57.35. The stock has a market capitalization of C$3.91 billion, a price-to-earnings ratio of -6.86 and a beta of 1.41.

Brookfield Infrastructure Company Profile

(Get Free Report)

Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil. The company also engages in the regulated gas and electricity distribution operations in the United Kingdom; and electricity transmission and distribution, as well as gas distribution in Australia.

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