Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Hits New 52-Week High – What’s Next?

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as GBX 259 and last traded at GBX 258, with a volume of 108902 shares changing hands. The stock had previously closed at GBX 258.

Ecofin Global Utilities and Infrastructure Trust Price Performance

The stock’s 50-day simple moving average is GBX 239.65 and its two-hundred day simple moving average is GBX 231.12. The firm has a market capitalization of £243.78 million, a P/E ratio of 8.44 and a beta of 0.53.

Ecofin Global Utilities and Infrastructure Trust (LON:EGL) last released its earnings results on Friday, December 12th. The company reported GBX 7.45 earnings per share for the quarter. Ecofin Global Utilities and Infrastructure Trust had a net margin of 192.30% and a negative return on equity of 4.40%.

Ecofin Global Utilities and Infrastructure Trust Company Profile

Ecofin Global Utilities and Infrastructure Trust plc is a closed-ended equity mutual fund launched and managed by Tortoise Advisors UK Limited. manages assets for clients worldwide. The fund invests in the public equity markets across the globe. It primarily invests in growth stocks of companies. The fund seeks to invests in utility and infrastructure companies in developed countries. Ecofin Global Utilities and Infrastructure Trust plc was formed on September 26, 2016 and is domiciled in the United Kingdom.