GCP Infrastructure Investments (LON:GCP) Stock Passes Above 200-Day Moving Average – What’s Next?

GCP Infrastructure Investments Limited (LON:GCP)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

GCP Infrastructure Investments Trading Up 0.7%

The stock has a market capitalization of £626.46 million, a P/E ratio of 34.88 and a beta of 0.34. The stock has a 50 day moving average of GBX 72.66 and a 200-day moving average of GBX 73.79.

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

Insider Activity at GCP Infrastructure Investments

In other GCP Infrastructure Investments news, insider Andrew Didham acquired 27,601 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was purchased at an average price of GBX 72 per share, for a total transaction of £19,872.72. 0.14% of the stock is currently owned by company 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.