Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Sets New 12-Month High - What's Next?

Key Points

• Ecofin Global Utilities and Infrastructure Trust (LON:EGL) reached a new 52-week high on Tuesday, trading as high as GBX 288 and last at GBX 277.20 on a volume of 485,495 shares.
• The stock's technicals show a 50-day moving average of GBX 260.35 and a 200-day average of GBX 244.44; the trust has a market capitalization of £258.38 million, a P/E of 8.99 and a beta of 1.01.
• Ecofin is a closed-ended fund managed by Tortoise Advisors UK, launched in 2016, that invests globally in utility and infrastructure growth equities.

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL - )'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 288 and last traded at GBX 277.20, with a volume of 485495 shares. The stock had previously closed at GBX 278.

Ecofin Global Utilities and Infrastructure Trust Price Performance

The firm has a fifty day moving average price of GBX 260.35 and a 200-day moving average price of GBX 244.44. The company has a market capitalization of £258.38 million, a P/E ratio of 8.99 and a beta of 1.01.

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. Ecofin Global Utilities and Infrastructure Trust plc was formed on September 26, 2016 and is domiciled in the United Kingdom.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.