Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGLGet Free Report) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 274.41 and traded as low as GBX 268. Ecofin Global Utilities and Infrastructure Trust shares last traded at GBX 268, with a volume of 691,436 shares.

Ecofin Global Utilities and Infrastructure Trust Stock Up 0.4%

The company has a current ratio of 0.15, a quick ratio of 0.04 and a debt-to-equity ratio of 6.26. The stock has a market capitalization of £247.03 million, a P/E ratio of 4.14 and a beta of 1.04. The business has a 50-day moving average price of GBX 274.13 and a 200 day moving average price of GBX 265.60.

Ecofin Global Utilities and Infrastructure Trust (LON:EGLGet Free Report) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported GBX 1.92 earnings per share for the quarter. The company had revenue of GBX 317 million for the quarter. Ecofin Global Utilities and Infrastructure Trust had a net margin of 271.70% and a return on equity of 25.45%.

Insider Activity at Ecofin Global Utilities and Infrastructure Trust

In other Ecofin Global Utilities and Infrastructure Trust news, insider Susannah Nicklin bought 3,650 shares of Ecofin Global Utilities and Infrastructure Trust stock in a transaction dated Friday, June 12th. The shares were purchased at an average cost of GBX 272 per share, for a total transaction of £9,928. 1.84% of the stock is owned by insiders.

Ecofin Global Utilities and Infrastructure Trust Company Profile

(Get Free Report)

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. Ecofin Global Utilities and Infrastructure Trust plc was formed on September 26, 2016 and is domiciled in the United Kingdom.

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