GCP Infrastructure Investments (LON:GCP) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

GCP Infrastructure Investments Limited (LON:GCP) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 75.24 and traded as high as GBX 76. GCP Infrastructure Investments shares last traded at GBX 75.35, with a volume of 2,183,821 shares.

GCP Infrastructure Investments Stock Up 0.1%

The company has a current ratio of 0.09, a quick ratio of 131.52 and a debt-to-equity ratio of 2.27. The firm has a market capitalization of £627.26 million, a PE ratio of 35.33 and a beta of 0.37. The firm has a 50-day moving average of GBX 75.24 and a two-hundred day moving average of GBX 73.87.

Insider Buying and Selling at GCP Infrastructure Investments

In related news, insider Dawn Crichard purchased 32,413 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was purchased at an average cost of GBX 77 per share, for a total transaction of £24,958.01. Also, insider Heather Bestwick purchased 20,000 shares of the stock in a transaction that occurred on Friday, January 23rd. The stock was bought at an average price of GBX 75 per share, with a total value of £15,000. 0.15% of the stock is currently owned by corporate insiders.

About GCP Infrastructure Investments

GCP Infrastructure Investment Limited (GCP Infra) is a Jersey-incorporated, closed ended investment company whose shares are traded on the main market of the London Stock Exchange. Its objective is to provide shareholders with regular, sustained distributions and to preserve capital over the long term by generating exposure primarily to UK infrastructure debt and related and/or similar assets which provide regular and predictable long term cashflows.

GCP Infra primarily targets investments in infrastructure projects with long term, public sector-backed, availability-based revenues.