GCP Infrastructure Investments (LON:GCP) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

GCP Infrastructure Investments Limited (LON:GCP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 73.62 and traded as high as GBX 74.60. GCP Infrastructure Investments shares last traded at GBX 73.55, with a volume of 4,144,757 shares.

GCP Infrastructure Investments Stock Down 0.2%

The stock has a market capitalization of £612.55 million, a price-to-earnings ratio of 34.21 and a beta of 0.37. The business has a fifty day moving average of GBX 75.49 and a 200 day moving average of GBX 73.62. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.09 and a quick ratio of 131.52.

Insiders Place Their Bets

In other GCP Infrastructure Investments news, insider Dawn Crichard bought 32,413 shares of GCP Infrastructure Investments stock in a transaction on Wednesday, February 18th. The shares were bought at an average price of GBX 77 per share, for a total transaction of £24,958.01. Also, insider Heather Bestwick purchased 20,000 shares of the firm’s stock in a transaction dated Friday, January 23rd. The stock was acquired at an average cost of GBX 75 per share, for a total transaction of £15,000. 0.15% of the stock is owned by 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.