Brookfield Infrastructure Partners (TSE:BIP.UN) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$41.90 and traded as high as C$44.92. Brookfield Infrastructure Partners shares last traded at C$44.92, with a volume of 412,734 shares traded.

Brookfield Infrastructure Partners Trading Up 0.4%

The business has a 50 day simple moving average of C$41.90 and a 200-day simple moving average of C$44.85. The company has a current ratio of 0.81, a quick ratio of 0.45 and a debt-to-equity ratio of 180.01. The stock has a market capitalization of C$20.74 billion, a price-to-earnings ratio of -249.56, a price-to-earnings-growth ratio of -2.12 and a beta of 1.05.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners LP is a Bermuda exempted limited partnership that owns and operates quality, long-life assets that generate stable cash flows, by virtue of barriers to entry or other characteristics tend to appreciate in value over time. It focuses on acquiring infrastructure assets that have low maintenance capital costs and high barriers to entry.