Brookfield Infrastructure Partners (TSE:BIP.UN) Hits New 1-Year High – Time to Buy?

Brookfield Infrastructure Partners L.P. (TSE:BIP.UNGet Free Report) (NYSE:BIP) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$50.65 and last traded at C$50.49, with a volume of 181630 shares. The stock had previously closed at C$49.77.

Brookfield Infrastructure Partners Stock Performance

The firm has a fifty day moving average price of C$47.82 and a 200 day moving average price of C$45.38. 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 firm has a market cap of C$23.42 billion, a PE ratio of 75.39, a price-to-earnings-growth ratio of -2.12 and a beta of 1.91.

Brookfield Infrastructure Partners Company Profile

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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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