HICL Infrastructure (LON:HICL) Shares Pass Below 200 Day Moving Average of $127.64

Shares of HICL Infrastructure PLC (LON:HICL) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 127.64 ($1.59) and traded as low as GBX 122.60 ($1.53). HICL Infrastructure shares last traded at GBX 123.20 ($1.53), with a volume of 2,687,131 shares traded.

HICL Infrastructure Price Performance

The stock’s 50-day simple moving average is GBX 124.44 and its 200 day simple moving average is GBX 127.64. The stock has a market capitalization of £2.50 billion, a P/E ratio of 1,232.00 and a beta of 0.28.

HICL Infrastructure Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were given a dividend of GBX 2.06 ($0.03) per share. The ex-dividend date was Thursday, February 29th. This represents a yield of 1.69%. HICL Infrastructure’s dividend payout ratio is currently 8,000.00%.

Insider Buying and Selling at HICL Infrastructure

In related news, insider Michael Bane purchased 24,100 shares of the stock in a transaction dated Monday, March 25th. The stock was bought at an average cost of GBX 125 ($1.56) per share, for a total transaction of £30,125 ($37,501.56). Company insiders own 0.22% of the company’s stock.

About HICL Infrastructure

HICL Infrastructure PLC specializes in direct and fund of funds investments. For direct investments, it seeks to invest in infrastructure projects. It invests in project companies which have not yet completed the construction phases of their concessions including project companies which are in the process of bidding for project concessions.