Brookfield Infrastructure Partners (TSE:BIP.UN) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$48.67 and traded as high as C$52.97. Brookfield Infrastructure Partners shares last traded at C$52.79, with a volume of 489,058 shares traded.

Brookfield Infrastructure Partners Stock Performance

The business has a 50-day moving average of C$48.67 and a two-hundred day moving average of C$46.93. The company has a market cap of C$24.48 billion, a P/E ratio of 58.66, a P/E/G ratio of -2.12 and a beta of 1.87. 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 announced its earnings results on Thursday, January 29th. The company reported C$0.61 EPS for the quarter. The business had revenue of C$8.32 billion during the quarter. Brookfield Infrastructure Partners had a negative net margin of 0.09% and a positive return on equity of 5.21%. On average, sell-side analysts predict that Brookfield Infrastructure Partners L.P. will post 0.9401645 EPS 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.