Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Trading Up 0.5% – Should You Buy?

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL)’s stock price shot up 0.5% on Monday . The stock traded as high as GBX 183 ($2.24) and last traded at GBX 180.50 ($2.21). 534,424 shares changed hands during trading, an increase of 80% from the average session volume of 296,971 shares. The stock had previously closed at GBX 179.59 ($2.20).

Ecofin Global Utilities and Infrastructure Trust Trading Up 2.5 %

The company has a market cap of £207.94 million, a P/E ratio of -1,042.15 and a beta of 0.53. The company has a current ratio of 0.35, a quick ratio of 0.04 and a debt-to-equity ratio of 9.44. The business has a 50 day moving average price of GBX 185.53 and a 200-day moving average price of GBX 186.59.

Ecofin Global Utilities and Infrastructure Trust Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, October 31st were given a dividend of GBX 2.05 ($0.03) per share. This represents a yield of 1.04%. The ex-dividend date was Thursday, October 31st. Ecofin Global Utilities and Infrastructure Trust’s dividend payout ratio (DPR) is currently -4,444.44%.

Insider Buying and Selling at Ecofin Global Utilities and Infrastructure Trust

In other news, insider David Simpson sold 27,766 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of GBX 176 ($2.15), for a total value of £48,868.16 ($59,814.15). Corporate insiders own 0.75% of the company’s stock.

About Ecofin Global Utilities and Infrastructure Trust

Ecofin Global Utilities and Infrastructure Trust plc is a closed-ended equity mutual fund launched and managed by Tortoise Advisors UK Limited. manages assets for clients worldwide. The fund invests in the public equity markets across the globe. It primarily invests in growth stocks of companies. The fund seeks to invests in utility and infrastructure companies in developed countries.