Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Stock Price Down 0.3% – Here’s Why

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL)’s share price dropped 0.3% during mid-day trading on Tuesday . The company traded as low as GBX 277.60 and last traded at GBX 278.27. Approximately 95,946 shares changed hands during trading, a decline of 64% from the average session volume of 266,717 shares. The stock had previously closed at GBX 279.

Ecofin Global Utilities and Infrastructure Trust Trading Down 0.3%

The business has a 50 day simple moving average of GBX 274.72 and a 200 day simple moving average of GBX 263.90. The company has a market cap of £255.54 million, a price-to-earnings ratio of 4.29 and a beta of 1.04. The company has a debt-to-equity ratio of 6.26, a current ratio of 0.15 and a quick ratio of 0.04.

Ecofin Global Utilities and Infrastructure Trust (LON:EGL) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported GBX 1.92 EPS for the quarter. Ecofin Global Utilities and Infrastructure Trust had a net margin of 271.70% and a return on equity of 25.45%. The firm had revenue of GBX 317 million for the quarter.

Insider Buying and Selling

In other news, insider Susannah Nicklin acquired 3,650 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average cost of GBX 272 per share, for a total transaction of £9,928. 1.84% of the stock is currently owned by insiders.

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.