Brookfield Infrastructure Partners (TSE:BIP.UN) Hits New 52-Week High – Here’s What Happened

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP) reached a new 52-week high on Thursday . The stock traded as high as C$57.28 and last traded at C$56.66, with a volume of 521336 shares trading hands. The stock had previously closed at C$55.75.

Brookfield Infrastructure Partners Stock Performance

The company has a market capitalization of C$26.55 billion, a PE ratio of 87.44, a PEG ratio of -2.12 and a beta of 2.12. The company has a 50 day moving average of C$53.63 and a two-hundred day moving average of C$51.49. The company has a debt-to-equity ratio of 180.01, a current ratio of 0.81 and a quick ratio of 0.45.

Brookfield Infrastructure Partners (TSE:BIP.UN) (NYSE:BIP) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C($0.28) EPS for the quarter. Brookfield Infrastructure Partners had a negative net margin of 0.09% and a positive return on equity of 5.21%. The firm had revenue of C$8.76 billion for the quarter. As a group, equities research analysts predict that Brookfield Infrastructure Partners L.P. will post 0.9401645 earnings per share for the current year.

Brookfield Infrastructure Partners Company Profile

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.