Sequoia Economic Infrastructure (LON:SEQI) Stock Price Passes Above 50-Day Moving Average - Should You Sell?

Key Points

• Sequoia Economic Infrastructure's share price surpassed its fifty-day moving average, trading at GBX 80.50 ($1.08) with a high of GBX 80.90 ($1.09).
• The company reported an earnings per share (EPS) of GBX 5.04 ($0.07) for the last quarter, despite a significant price-to-earnings ratio of -8,050.00.
• Insider Paul Le Page purchased 30,000 shares at an average price of GBX 81 ($1.09), indicating confidence from management in the company's stock.

Sequoia Economic Infrastructure Inc (LON:SEQI - Get Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 80.64 ($1.08) and traded as high as GBX 80.90 ($1.09). Sequoia Economic Infrastructure shares last traded at GBX 80.50 ($1.08), with a volume of 3,037,466 shares changing hands.

Sequoia Economic Infrastructure Trading Down 0.1%

The company has a market cap of £1.26 billion and a price-to-earnings ratio of -8,040.00. The business has a fifty day moving average price of GBX 80.66 and a two-hundred day moving average price of GBX 78.10.

Sequoia Economic Infrastructure (LON:SEQI - Get Free Report) last announced its quarterly earnings results on Wednesday, June 25th. The company reported GBX 5.04 ($0.07) EPS for the quarter.

Insider Activity at Sequoia Economic Infrastructure

In other news, insider Paul Le Page purchased 30,000 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was acquired at an average price of GBX 81 ($1.09) per share, with a total value of £24,300 ($32,639.36). Insiders own 0.08% of the company's stock.

About Sequoia Economic Infrastructure

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.