Brookfield Infrastructure (TSE:BIPC) Reaches New 12-Month High – Still a Buy?

Shares of Brookfield Infrastructure Co. (TSE:BIPCGet Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as 61.30 and last traded at 60.97, with a volume of 118809 shares traded. The stock had previously closed at 60.07.

Brookfield Infrastructure Price Performance

The company has a market cap of $7.84 billion, a price-to-earnings ratio of 4.41 and a beta of 1.41. The company has a current ratio of 0.59, a quick ratio of 0.24 and a debt-to-equity ratio of 374.93. The company’s 50 day moving average price is 57.01 and its 200 day moving average price is 50.93.

About Brookfield Infrastructure

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Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil. The company also engages in the regulated gas and electricity distribution operations in the United Kingdom; and electricity transmission and distribution, as well as gas distribution in Australia.

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