HICL Infrastructure (LON:HICL) Shares Pass Below Two Hundred Day Moving Average of $127.96

Shares of HICL Infrastructure PLC (LON:HICL) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 127.96 ($1.61) and traded as low as GBX 123.60 ($1.55). HICL Infrastructure shares last traded at GBX 126.20 ($1.59), with a volume of 3,308,673 shares trading hands.

HICL Infrastructure Trading Down 0.1 %

The business’s 50 day simple moving average is GBX 124.70 and its 200 day simple moving average is GBX 127.96. The firm has a market capitalization of £2.56 billion, a PE ratio of 1,264.00 and a beta of 0.28.

HICL Infrastructure Dividend Announcement

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

Insiders Place Their Bets

In related news, insider Michael Bane purchased 24,100 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were bought at an average price of GBX 125 ($1.57) per share, for a total transaction of £30,125 ($37,845.48). 0.22% of the stock is currently owned by insiders.

About HICL Infrastructure

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.