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Sequoia Economic Infrastructure (LON:SEQI) Shares Cross Below Fifty Day Moving Average - Here's What Happened

Sequoia Economic Infrastructure logo with background

Key Points

  • Sequoia Economic Infrastructure's share price fell below its 50-day moving average during trading, marking a low of GBX 77.76 ($1.04) while last trading at GBX 78.90 ($1.06).
  • The company has a market capitalization of £1.21 billion and an unusually high price-to-earnings ratio of 1,565.48.
  • Insider James Stewart purchased 12,843 shares of the company at an average cost of GBX 78, increasing the insider ownership to 0.07% of the total shares.
  • MarketBeat previews the top five stocks to own by November 1st.

Sequoia Economic Infrastructure Inc (LON:SEQI - Get Free Report)'s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 78.03 ($1.05) and traded as low as GBX 77.76 ($1.04). Sequoia Economic Infrastructure shares last traded at GBX 78.90 ($1.06), with a volume of 4,184,782 shares.

Sequoia Economic Infrastructure Price Performance

The stock's 50 day moving average price is GBX 78.03 and its two-hundred day moving average price is GBX 78.32. The firm has a market capitalization of £1.21 billion and a price-to-earnings ratio of 1,565.48.

Insider Buying and Selling at Sequoia Economic Infrastructure

In other news, insider James Stewart acquired 12,843 shares of Sequoia Economic Infrastructure stock in a transaction dated Thursday, October 2nd. The stock was acquired at an average cost of GBX 78 per share, for a total transaction of £10,017.54. Insiders own 0.07% of the company's stock.

Sequoia Economic Infrastructure Company Profile

(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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