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Sequoia Economic Infrastructure (LON:SEQI) Stock Price Passes Below 200 Day Moving Average - Here's Why

Sequoia Economic Infrastructure logo with background

Key Points

  • Sequoia Economic Infrastructure's share price has fallen below its 200-day moving average of GBX 78.39, trading as low as GBX 77.60 during Friday's session.
  • The company reported an EPS of GBX 5.04 for the last quarter, alongside a market cap of £1.20 billion and a very high P/E ratio of 1,543.65.
  • Insider Paul Le Page purchased 30,000 shares at an average price of GBX 81 on July 3rd, indicating confidence in the company's long-term prospects.
  • MarketBeat previews top five stocks to own in October.

Sequoia Economic Infrastructure Inc (LON:SEQI - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 78.39 ($1.07) and traded as low as GBX 77.60 ($1.06). Sequoia Economic Infrastructure shares last traded at GBX 77.80 ($1.06), with a volume of 2,771,651 shares changing hands.

Sequoia Economic Infrastructure Price Performance

The company has a market capitalization of £1.19 billion and a PE ratio of 1,527.78. The firm's fifty day simple moving average is GBX 79.70 and its 200 day simple moving average is GBX 78.39.

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

Insider Buying and Selling at Sequoia Economic Infrastructure

In other news, insider Paul Le Page acquired 30,000 shares of the firm's stock in a transaction on Thursday, July 3rd. The stock was acquired at an average price of GBX 81 per share, for a total transaction of £24,300. Company insiders own 0.07% 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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