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Sequoia Economic Infrastructure (LON:SEQI) Shares Cross Below 50-Day Moving Average - What's Next?

Sequoia Economic Infrastructure logo with background

Key Points

  • Sequoia Economic Infrastructure shares have crossed below their 50-day moving average, trading at GBX 75.70 ($1.02) as of Monday.
  • The company has a market capitalization of £1.17 billion with a notably high PE ratio of 1,505.24.
  • Insider Paul Le Page purchased 30,000 shares at an average price of GBX 81, indicating confidence in the company despite recent trading dips.
  • MarketBeat previews top five stocks to own in October.

Sequoia Economic Infrastructure Inc (LON:SEQI - Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 79.29 ($1.07) and traded as low as GBX 75.70 ($1.02). Sequoia Economic Infrastructure shares last traded at GBX 75.70 ($1.02), with a volume of 3,836,395 shares trading hands.

Sequoia Economic Infrastructure Price Performance

The stock has a 50 day simple moving average of GBX 79.29 and a two-hundred day simple moving average of GBX 78.34. The company has a market cap of £1.17 billion and a PE ratio of 1,505.24.

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

Insiders Place Their Bets

In other Sequoia Economic Infrastructure news, insider Paul Le Page acquired 30,000 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The shares were purchased at an average price of GBX 81 per share, with a total value of £24,300. 0.07% of the stock is owned by corporate insiders.

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.

See Also

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