Brookfield Infrastructure (TSE:BIPC) Stock Price Down 1.9% – Time to Sell?

Shares of Brookfield Infrastructure Co. (TSE:BIPC) were down 1.9% on Wednesday . The stock traded as low as C$54.40 and last traded at C$54.73. Approximately 170,201 shares changed hands during trading, a decline of 26% from the average daily volume of 229,170 shares. The stock had previously closed at C$55.78.

Brookfield Infrastructure Stock Down 1.9%

The firm has a market cap of C$6.70 billion, a PE ratio of -27.25 and a beta of 1.97. The business’s 50 day moving average price is C$60.54 and its 200 day moving average price is C$62.46. The company has a debt-to-equity ratio of -1,023.34, a current ratio of 0.26 and a quick ratio of 0.24.

Brookfield Infrastructure (TSE:BIPC) last released its earnings results on Thursday, January 29th. The company reported C$6.01 EPS for the quarter. The business had revenue of C$1.26 billion during the quarter. Brookfield Infrastructure had a negative net margin of 6.67% and a positive return on equity of 21.39%.

About Brookfield Infrastructure

Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across the Americas, Asia Pacific and Europe. We are focused on assets that have contracted and regulated revenues that generate predictable and stable cash flows. Investors can access its portfolio either through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian corporation.