HICL Infrastructure (LON:HICL) Shares Pass Below 200 Day Moving Average of $127.64

HICL Infrastructure PLC (LON:HICL)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 127.64 ($1.59) and traded as low as GBX 122.60 ($1.53). HICL Infrastructure shares last traded at GBX 123.20 ($1.53), with a volume of 2,687,131 shares trading hands.

HICL Infrastructure Price Performance

The stock has a market capitalization of £2.50 billion, a P/E ratio of 1,232.00 and a beta of 0.28. The firm’s 50 day moving average price is GBX 124.44 and its 200 day moving average price is GBX 127.64.

HICL Infrastructure Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a dividend of GBX 2.06 ($0.03) per share. This represents a dividend yield of 1.69%. The ex-dividend date of this dividend was Thursday, February 29th. HICL Infrastructure’s dividend payout ratio is currently 8,000.00%.

Insider Activity at HICL Infrastructure

In related news, insider Michael Bane purchased 24,100 shares of HICL Infrastructure stock in a transaction that occurred on Monday, March 25th. The shares were bought at an average price of GBX 125 ($1.56) per share, for a total transaction of £30,125 ($37,501.56). 0.22% of the stock is owned by corporate insiders.

HICL Infrastructure Company Profile

HICL Infrastructure PLC specializes in direct and fund of funds investments. For direct investments, it seeks to invest in infrastructure projects. It invests in project companies which have not yet completed the construction phases of their concessions including project companies which are in the process of bidding for project concessions.