Brookfield Infrastructure (TSE:BIPC) Trading 2.9% Higher – Should You Buy?

Brookfield Infrastructure Co. (TSE:BIPC) shares rose 2.9% during trading on Tuesday . The stock traded as high as C$55.07 and last traded at C$54.97. Approximately 265,902 shares traded hands during mid-day trading, an increase of 10% from the average daily volume of 242,302 shares. The stock had previously closed at C$53.41.

Brookfield Infrastructure Price Performance

The business has a 50-day moving average of C$63.27 and a 200 day moving average of C$62.49. The company has a current ratio of 0.26, a quick ratio of 0.24 and a debt-to-equity ratio of -1,023.34. The firm has a market capitalization of C$6.73 billion, a P/E ratio of -27.37 and a beta of 1.81.

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

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.