GCP Infrastructure Investments (LON:GCP) Stock Passes Above 200 Day Moving Average – Here’s What Happened

GCP Infrastructure Investments Limited (LON:GCP)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 73.78 and traded as high as GBX 74.80. GCP Infrastructure Investments shares last traded at GBX 74.50, with a volume of 3,042,424 shares traded.

GCP Infrastructure Investments Trading Down 0.0%

The firm has a market cap of £622.25 million, a price-to-earnings ratio of 34.65 and a beta of 0.34. The firm’s 50-day moving average is GBX 72.56 and its 200-day moving average is GBX 73.78.

GCP Infrastructure Investments (LON:GCP) last released its quarterly earnings data on Thursday, December 11th. The company reported GBX 6.73 earnings per share for the quarter. GCP Infrastructure Investments had a net margin of 20.96% and a return on equity of 1.63%. Analysts forecast that GCP Infrastructure Investments Limited will post 8.2955771 EPS for the current fiscal year.

Insiders Place Their Bets

In other GCP Infrastructure Investments news, insider Andrew Didham purchased 27,601 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were acquired at an average price of GBX 72 per share, with a total value of £19,872.72. Insiders own 0.14% of the company’s stock.

GCP Infrastructure Investments Company Profile

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.