Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Sets New 52-Week 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.

Shares of Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as GBX 225 ($3.01) and last traded at GBX 221 ($2.95), with a volume of 151613 shares trading hands. The stock had previously closed at GBX 222 ($2.97).

Ecofin Global Utilities and Infrastructure Trust Price Performance

The firm has a market capitalization of £237.99 million, a price-to-earnings ratio of -24.79 and a beta of 0.53. The business has a fifty day moving average price of GBX 212.81 and a two-hundred day moving average price of GBX 198.81.

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

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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