Brookfield Infrastructure (TSE:BIPC) Stock Price Down 1.5% – Time to Sell?

Brookfield Infrastructure Co. (TSE:BIPC) was down 1.5% during mid-day trading on Thursday . The stock traded as low as C$68.15 and last traded at C$68.17. Approximately 214,064 shares traded hands during trading, an increase of 27% from the average daily volume of 167,899 shares. The stock had previously closed at C$69.19.

Brookfield Infrastructure Price Performance

The firm has a 50 day moving average price of C$63.72 and a 200 day moving average price of C$60.85. The stock has a market capitalization of C$8.03 billion, a PE ratio of -33.32 and a beta of 1.87. The company has a current ratio of 0.49, a quick ratio of 0.24 and a debt-to-equity ratio of -1,758.64.

Brookfield Infrastructure (TSE:BIPC) last released its earnings results on Friday, November 7th. The company reported C$0.83 earnings per share for the quarter. Brookfield Infrastructure had a negative net margin of 18.82% and a positive return on equity of 196.70%. The company had revenue of C$1.28 billion for the quarter.

Brookfield Infrastructure Company Profile

Brookfield Infrastructure Corp along with its subsidiaries is engaged in owning and operating regulated utility investments in Brazil and the United Kingdom. The group’s operations include utilities, transport, energy, and data infrastructure businesses in North and South America, Europe, and the Asia Pacific. The company generates a majority of its revenue from regulated gas transmission operations. Geographically, it generates maximum revenue from Brazil.