HICL Infrastructure (LON:HICL) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Shares of HICL Infrastructure PLC (LON:HICL) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 122.12 ($1.53) and traded as low as GBX 115.80 ($1.46). HICL Infrastructure shares last traded at GBX 116.40 ($1.46), with a volume of 2,974,326 shares traded.

HICL Infrastructure Stock Performance

The stock has a market cap of £2.32 billion, a P/E ratio of 22.83 and a beta of 0.30. The firm’s 50-day moving average is GBX 114.37 and its two-hundred day moving average is GBX 122.12.

HICL Infrastructure (LON:HICL) last released its earnings results on Wednesday, November 20th. The company reported GBX 2.20 ($0.03) earnings per share for the quarter. HICL Infrastructure had a return on equity of 3.24% and a net margin of 96.27%. As a group, research analysts forecast that HICL Infrastructure PLC will post 12.4000007 EPS for the current year.

Insiders Place Their Bets

In related news, insider Michael Bane acquired 45,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was acquired at an average cost of GBX 115 ($1.45) per share, with a total value of £51,750 ($65,037.07). Also, insider Rita Akushie acquired 10,018 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average price of GBX 115 ($1.45) per share, with a total value of £11,520.70 ($14,478.70). Company insiders own 0.20% of the company’s stock.

HICL Infrastructure Company Profile

HICL is a UK-listed infrastructure investment company. We invest in infrastructure for local communities and to support the delivery of essential services, working in partnership with the public and private sectors.