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Sequoia Economic Infrastructure (LON:SEQI) Share Price Passes Above 50 Day Moving Average - Here's Why

Sequoia Economic Infrastructure logo with background

Key Points

  • Sequoia Economic Infrastructure's stock price recently surpassed its 50-day moving average of GBX 80.36, trading at GBX 79.60 with notable volume.
  • The company has a market capitalization of £1.25 billion and reported an earnings per share of GBX 5.04 for its last quarter.
  • Insider Paul Le Page purchased 30,000 shares at an average price of GBX 81, indicating confidence in the company's stock performance.
  • Looking to export and analyze Sequoia Economic Infrastructure data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Sequoia Economic Infrastructure Inc (LON:SEQI - Get Free Report)'s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 80.36 ($1.08) and traded as high as GBX 80.40 ($1.08). Sequoia Economic Infrastructure shares last traded at GBX 79.60 ($1.07), with a volume of 1,397,699 shares.

Sequoia Economic Infrastructure Stock Up 0.1%

The business has a 50-day simple moving average of GBX 80.36 and a two-hundred day simple moving average of GBX 78.25. The company has a market cap of £1.25 billion and a price-to-earnings ratio of -7,968.80.

Sequoia Economic Infrastructure (LON:SEQI - Get Free Report) last announced its quarterly earnings results on Wednesday, June 25th. The company reported GBX 5.04 earnings per share for the quarter.

Insider Buying and Selling at Sequoia Economic Infrastructure

In other Sequoia Economic Infrastructure news, insider Paul Le Page acquired 30,000 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The stock was acquired at an average price of GBX 81 per share, with a total value of £24,300. Corporate insiders own 0.08% of the company's stock.

About Sequoia Economic Infrastructure

(Get Free Report)

Sequoia Economic Infrastructure Income Fund Limited invests in a diversified portfolio of senior and subordinated economic infrastructure debt investments through its subsidiary Sequoia IDF Asset Holdings SA The Company operates through investment in senior and subordinated infrastructure debt instruments and related and/or similar assets segment.

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