Sequoia Economic Infrastructure (LON:SEQI) Share Price Crosses Below Fifty Day Moving Average - Here's Why

Key Points

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Shares of 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 80.51 ($1.09) and traded as low as GBX 78.40 ($1.06). Sequoia Economic Infrastructure shares last traded at GBX 78.50 ($1.06), with a volume of 1,592,479 shares.

Sequoia Economic Infrastructure Stock Performance

The company's 50 day moving average price is GBX 80.41 and its 200 day moving average price is GBX 78.21. The company has a market cap of £1.26 billion and a price-to-earnings ratio of -8,010.00.

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

Insider Activity at Sequoia Economic Infrastructure

In other Sequoia Economic Infrastructure news, insider Paul Le Page purchased 30,000 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were bought at an average price of GBX 81 per share, for a total transaction of £24,300. 0.08% of the stock is currently owned by company insiders.

Sequoia Economic Infrastructure Company Profile

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.