Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Hits New 12-Month High – Here’s Why

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGLGet Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as GBX 250 and last traded at GBX 243, with a volume of 334449 shares trading hands. The stock had previously closed at GBX 239.67.

Ecofin Global Utilities and Infrastructure Trust Trading Up 1.4%

The company has a market capitalization of £228.14 million, a price-to-earnings ratio of 8.86 and a beta of 0.53. The company has a 50 day moving average price of GBX 233.06 and a 200 day moving average price of GBX 221.34.

Insiders Place Their Bets

In other Ecofin Global Utilities and Infrastructure Trust news, insider Susannah Nicklin bought 1,250 shares of the business’s stock in a transaction on Thursday, October 23rd. The shares were bought at an average cost of GBX 237 per share, for a total transaction of £2,962.50. Corporate insiders own 1.59% of the company’s stock.

About Ecofin Global Utilities and Infrastructure Trust

(Get Free Report)

Ecofin Global Utilities and Infrastructure Trust plc is a closed-ended equity mutual fund launched and managed by Tortoise Advisors UK Limited. manages assets for clients worldwide. The fund invests in the public equity markets across the globe. It primarily invests in growth stocks of companies. The fund seeks to invests in utility and infrastructure companies in developed countries.

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