Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Sets New 1-Year High - Here's Why

Key Points

• Ecofin Global Utilities and Infrastructure Trust (LON:EGL) reached a new 52-week high, trading at GBX 225 ($3.01) before settling at GBX 221 ($2.95) on Tuesday.
• The company has a market capitalization of £237.99 million and a negative price-to-earnings ratio of -24.79, indicating potential concerns about profitability.
• Ecofin Global Utilities and Infrastructure Trust primarily invests in growth stocks of utility and infrastructure companies in developed countries globally.

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 225 ($2.99) and last traded at GBX 221 ($2.93), with a volume of 151613 shares traded. The stock had previously closed at GBX 222 ($2.95).

Ecofin Global Utilities and Infrastructure Trust Stock Performance

The company has a market capitalization of £234.76 million, a PE ratio of -24.45 and a beta of 0.53. The company's 50-day moving average is GBX 213.57 and its 200 day moving average is GBX 199.63.

Ecofin Global Utilities and Infrastructure Trust (LON:EGL - Get Free Report) last posted its quarterly earnings results on Tuesday, May 27th. The company reported GBX 1.86 ($0.02) EPS for the quarter. Ecofin Global Utilities and Infrastructure Trust had a net margin of 192.30% and a negative return on equity of 4.40%.

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.