Brookfield Infrastructure (TSE:BIPC) Shares Down 9.8% – What’s Next?

Brookfield Infrastructure Co. (TSE:BIPC) traded down 9.8% on Wednesday . The stock traded as low as C$49.10 and last traded at C$49.15. 138,581 shares were traded during mid-day trading, a decline of 38% from the average session volume of 223,114 shares. The stock had previously closed at C$54.48.

Brookfield Infrastructure Price Performance

The company has a market capitalization of C$6.15 billion, a PE ratio of -25.02 and a beta of 1.97. The company has a debt-to-equity ratio of -1,023.34, a current ratio of 0.26 and a quick ratio of 0.24. The stock’s 50 day simple moving average is C$58.92 and its 200-day simple moving average is C$62.08.

Brookfield Infrastructure (TSE:BIPC) last posted its quarterly earnings data on Wednesday, April 29th. The company reported C$7.59 EPS for the quarter. The business had revenue of C$1.23 billion during the quarter. Brookfield Infrastructure had a negative net margin of 6.67% and a positive return on equity of 21.39%.

About Brookfield Infrastructure

Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across the Americas, Asia Pacific and Europe. We are focused on assets that have contracted and regulated revenues that generate predictable and stable cash flows. Investors can access its portfolio either through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian corporation.