Brookfield Infrastructure Partners (TSE:BIP.UN) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$52.71 and traded as low as C$51.67. Brookfield Infrastructure Partners shares last traded at C$52.48, with a volume of 429,248 shares traded.

Brookfield Infrastructure Partners Stock Down 1.7%

The company has a debt-to-equity ratio of 180.01, a current ratio of 0.81 and a quick ratio of 0.45. The stock has a 50 day simple moving average of C$54.47 and a 200-day simple moving average of C$52.70. The firm has a market cap of C$23.27 billion, a PE ratio of 81.58, a PEG ratio of -2.12 and a beta of 2.14.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners LP is a Bermuda exempted limited partnership that owns and operates quality, long-life assets that generate stable cash flows, by virtue of barriers to entry or other characteristics tend to appreciate in value over time. It focuses on acquiring infrastructure assets that have low maintenance capital costs and high barriers to entry. The company’s segments consist of Utilities, Transport, Midstream, and Data. Geographically, it generates maximum revenue from Brazil and also has a presence in Australia, Colombia, United Kingdom, Canada, United States of America, Chile, Peru, India, and other countries.