GCP Infrastructure Investments (LON:GCP) Shares Pass Below 200 Day Moving Average - Here's What Happened

Key Points

• 200-day moving average: GCP Infra shares fell below their 200-day moving average of GBX 73.65, trading as low as GBX 73.10 and last at GBX 73.23 on volume of 2,728,310, down about 1.2%.
• Insider buying: Dawn Crichard bought 32,413 shares at GBX 77 and Heather Bestwick bought 20,000 shares at GBX 75, while insiders collectively own 0.15% of the stock.
• Key fundamentals: the company has a market cap of £609.94 million, a P/E of 34.06 and a debt-to-equity ratio of 2.27, per the report.

GCP Infrastructure Investments Limited (LON:GCP - )'s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 73.65 and traded as low as GBX 73.10. GCP Infrastructure Investments shares last traded at GBX 73.23, with a volume of 2,728,310 shares changing hands.

GCP Infrastructure Investments Trading Down 1.2%

The company has a 50 day moving average of GBX 75.48 and a 200 day moving average of GBX 73.65. The firm has a market cap of £609.94 million, a P/E ratio of 34.06 and a beta of 0.37. The company has a debt-to-equity ratio of 2.27, a quick ratio of 131.52 and a current ratio of 0.09.

Insider Buying and Selling

In other GCP Infrastructure Investments news, insider Dawn Crichard purchased 32,413 shares of the company's stock in a transaction dated Wednesday, February 18th. The shares were bought at an average price of GBX 77 per share, for a total transaction of £24,958.01. Also, insider Heather Bestwick purchased 20,000 shares of the business's stock in a transaction dated Friday, January 23rd. The shares were acquired at an average price of GBX 75 per share, for a total transaction of £15,000. 0.15% of the stock is owned by insiders.

GCP Infrastructure Investments Company Profile

GCP Infrastructure Investment Limited (GCP Infra) is a Jersey-incorporated, closed ended investment company whose shares are traded on the main market of the London Stock Exchange. Its objective is to provide shareholders with regular, sustained distributions and to preserve capital over the long term by generating exposure primarily to UK infrastructure debt and related and/or similar assets which provide regular and predictable long term cashflows. GCP Infra primarily targets investments in infrastructure projects with long term, public sector-backed, availability-based revenues.

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.