GCP Infrastructure Investments (LON:GCP) Stock Passes Below 200-Day Moving Average – Here’s Why

GCP Infrastructure Investments Limited (LON:GCP) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 73.65 and traded as low as GBX 73.10. GCP Infrastructure Investments shares last traded at GBX 73.23, with a volume of 2,728,310 shares trading hands.

GCP Infrastructure Investments Stock Down 1.2%

The business has a fifty day simple moving average of GBX 75.48 and a two-hundred day simple moving average of GBX 73.66. The company has a current ratio of 0.09, a quick ratio of 131.52 and a debt-to-equity ratio of 2.27. The company has a market cap of £609.94 million, a PE ratio of 34.06 and a beta of 0.37.

Insider Activity

In other GCP Infrastructure Investments news, insider Dawn Crichard acquired 32,413 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was bought at an average price of GBX 77 per share, with a total value of £24,958.01. Also, insider Heather Bestwick acquired 20,000 shares of the business’s stock in a transaction on Friday, January 23rd. The stock was acquired at an average price of GBX 75 per share, with a total value of £15,000. Company insiders own 0.15% of the company’s stock.

GCP Infrastructure Investments Company Profile

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.