Brookfield Infrastructure (TSE:BIPC) Trading Up 2% – Here’s What Happened

Brookfield Infrastructure Co. (TSE:BIPC)’s share price shot up 2% during mid-day trading on Thursday . The stock traded as high as C$58.74 and last traded at C$58.54. Approximately 519,769 shares were traded during trading, an increase of 100% from the average session volume of 259,791 shares. The stock had previously closed at C$57.37.

Brookfield Infrastructure Stock Performance

The firm has a market capitalization of C$7.20 billion, a price-to-earnings ratio of -9.46 and a beta of 2.48. The company has a current ratio of 0.29, a quick ratio of 0.24 and a debt-to-equity ratio of -920.03. The stock’s 50-day moving average is C$56.42 and its 200-day moving average is C$59.07.

Brookfield Infrastructure (TSE:BIPC) last issued its earnings results on Wednesday, April 29th. The company reported C$7.59 earnings per share for the quarter. The firm had revenue of C$1.23 billion for the quarter. Brookfield Infrastructure had a negative net margin of 20.50% and a positive return on equity of 57.40%.

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.