Brookfield Infrastructure Partners (TSE:BIP.UN) Shares Pass Above 50-Day Moving Average – What’s Next?

Brookfield Infrastructure Partners L.P. (TSE:BIP.UNGet Free Report) (NYSE:BIP) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$44.51 and traded as high as C$48.59. Brookfield Infrastructure Partners shares last traded at C$47.93, with a volume of 467,102 shares changing hands.

Brookfield Infrastructure Partners Stock Performance

The company has a debt-to-equity ratio of 180.01, a quick ratio of 0.45 and a current ratio of 0.81. The company has a market cap of C$22.26 billion, a price-to-earnings ratio of 958.60, a P/E/G ratio of -2.12 and a beta of 1.85. The company has a fifty day moving average of C$44.51 and a two-hundred day moving average of C$43.87.

About Brookfield Infrastructure Partners

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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.

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