Sequoia Economic Infrastructure (LON:SEQI) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Shares of Sequoia Economic Infrastructure Inc (LON:SEQI) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 78.46 and traded as high as GBX 79.60. Sequoia Economic Infrastructure shares last traded at GBX 78.80, with a volume of 809,048 shares traded.

Sequoia Economic Infrastructure Stock Down 0.3%

The firm has a market cap of £1.18 billion and a PE ratio of 15.63. The stock has a 50 day moving average price of GBX 78.46 and a two-hundred day moving average price of GBX 78.99.

Sequoia Economic Infrastructure (LON:SEQI) last announced its quarterly earnings data on Tuesday, December 2nd. The company reported GBX 4.40 EPS for the quarter.

Insider Activity at Sequoia Economic Infrastructure

In other news, insider James Stewart acquired 12,843 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were acquired at an average cost of GBX 78 per share, with a total value of £10,017.54. Insiders own 0.07% of the company’s stock.

Sequoia Economic Infrastructure Company Profile

Sequoia Economic Infrastructure Income Fund Limited invests in a diversified portfolio of senior and subordinated economic infrastructure debt investments through its subsidiary Sequoia IDF Asset Holdings SA The Company operates through investment in senior and subordinated infrastructure debt instruments and related and/or similar assets segment. Its investment objective is to provide investors with regular, sustained, long-term distributions and capital appreciation from a diversified portfolio of senior and subordinated economic infrastructure debt investments.