Brookfield Infrastructure Partners (TSE:BIP.UN) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$50.75 and traded as low as C$48.90. Brookfield Infrastructure Partners shares last traded at C$49.11, with a volume of 459,514 shares traded.

Brookfield Infrastructure Partners Price Performance

The stock has a market cap of C$23.22 billion, a price-to-earnings ratio of 55.64, a PEG ratio of -2.12 and a beta of 1.84. The company’s 50 day moving average is C$50.88 and its 200 day moving average is C$48.52. The company has a debt-to-equity ratio of 180.01, a current ratio of 0.81 and a quick ratio of 0.45.

Brookfield Infrastructure Partners (TSE:BIP.UN) (NYSE:BIP) last issued its earnings results on Thursday, January 29th. The company reported C$0.61 earnings per share for the quarter. Brookfield Infrastructure Partners had a negative net margin of 0.09% and a positive return on equity of 5.21%. The company had revenue of C$8.32 billion for the quarter. Research analysts forecast that Brookfield Infrastructure Partners L.P. will post 0.9401645 earnings per share for the current fiscal year.

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.