Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Hits New 52-Week High - What's Next?

Key Points

• The Ecofin Global Utilities and Infrastructure Trust (LON:EGL) achieved a new 52-week high of GBX 244 ($3.25) in recent trading, closing at GBX 239 ($3.18).
• The trust has a market capitalization of £249.63 million and a P/E ratio of 870.99, indicating significant valuation metrics.
• Managed by Tortoise Advisors UK Limited, the trust focuses on investing in utility and infrastructure companies in developed markets across the globe.

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL - )'s stock price reached a new 52-week high on Wednesday . The company traded as high as GBX 244 ($3.25) and last traded at GBX 239 ($3.18), with a volume of 370786 shares changing hands. The stock had previously closed at GBX 238 ($3.17).

Ecofin Global Utilities and Infrastructure Trust Stock Performance

The business has a fifty day simple moving average of GBX 218.51 and a 200-day simple moving average of GBX 210.49. The stock has a market capitalization of £249.63 million, a P/E ratio of 870.99 and a beta of 0.53.

Ecofin Global Utilities and Infrastructure Trust Company Profile

Ecofin Global Utilities and Infrastructure Trust plc is a closed-ended equity mutual fund launched and managed by Tortoise Advisors UK Limited. manages assets for clients worldwide. The fund invests in the public equity markets across the globe. It primarily invests in growth stocks of companies. The fund seeks to invests in utility and infrastructure companies in developed countries.

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