Brookfield Infrastructure Partners (TSE:BIP.UN) Stock Passes Below 50 Day Moving Average of $40.93

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$40.93 and traded as low as C$39.94. Brookfield Infrastructure Partners shares last traded at C$40.70, with a volume of 276,294 shares changing hands.

Brookfield Infrastructure Partners Price Performance

The firm has a 50-day simple moving average of C$40.93 and a 200-day simple moving average of C$39.22. The firm has a market cap of C$18.78 billion, a P/E ratio of 214.21, a PEG ratio of -2.12 and a beta of 0.95. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 146.84.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.