Brookfield Infrastructure Partners (TSE:BIP.UN) Share Price Crosses Above 50 Day Moving Average of $38.94

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$38.94 and traded as high as C$41.85. Brookfield Infrastructure Partners shares last traded at C$41.70, with a volume of 1,051,515 shares.

Brookfield Infrastructure Partners Stock Up 1.5 %

The firm’s 50 day simple moving average is C$38.94 and its 200-day simple moving average is C$39.06. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 150.43. The stock has a market capitalization of C$19.24 billion, a price-to-earnings ratio of 96.98, a price-to-earnings-growth ratio of -2.12 and a beta of 0.97.

About Brookfield Infrastructure Partners

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.