Brookfield Infrastructure Partners (TSE:BIP.UN) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Brookfield Infrastructure Partners L.P. (TSE:BIP.UNGet Free Report) (NYSE:BIP) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$48.39 and traded as high as C$50.57. Brookfield Infrastructure Partners shares last traded at C$50.36, with a volume of 297,811 shares changing hands.

Brookfield Infrastructure Partners Stock Up 1.1%

The business has a 50 day moving average of C$48.39 and a 200-day moving average of C$45.52. The stock has a market cap of C$23.35 billion, a PE ratio of 75.16, a P/E/G ratio of -2.12 and a beta of 1.91. The company has a current ratio of 0.81, a quick ratio of 0.45 and a debt-to-equity ratio of 180.01.

About Brookfield Infrastructure Partners

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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.

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