Brookfield Infrastructure Partners (TSE:BIP.UN) Stock Price Passes Below Fifty Day Moving Average – Time to Sell?

Shares of Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$50.75 and traded as low as C$48.90. Brookfield Infrastructure Partners shares last traded at C$49.11, with a volume of 459,514 shares.

Brookfield Infrastructure Partners Trading Down 2.2%

The company has a debt-to-equity ratio of 180.01, a current ratio of 0.81 and a quick ratio of 0.45. The firm has a fifty day simple moving average of C$50.75 and a 200-day simple moving average of C$48.46. The firm has a market cap of C$22.77 billion, a P/E ratio of 54.57, a price-to-earnings-growth ratio of -2.12 and a beta of 1.84.

Brookfield Infrastructure Partners (TSE:BIP.UN) (NYSE:BIP) last released its quarterly earnings data on Thursday, January 29th. The company reported C$0.61 EPS for the quarter. Brookfield Infrastructure Partners had a positive return on equity of 5.21% and a negative net margin of 0.09%.The firm had revenue of C$8.32 billion during the quarter. On average, equities research analysts expect that Brookfield Infrastructure Partners L.P. will post 0.9401645 earnings per share for the current year.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners LP is a Bermuda exempted limited partnership that owns and operates quality, long-life assets that generate stable cash flows, by virtue of barriers to entry or other characteristics tend to appreciate in value over time. It focuses on acquiring infrastructure assets that have low maintenance capital costs and high barriers to entry. The company’s segments consist of Utilities, Transport, Midstream, and Data. Geographically, it generates maximum revenue from Brazil and also has a presence in Australia, Colombia, United Kingdom, Canada, United States of America, Chile, Peru, India, and other countries.