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

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP)’s stock price hit 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 Price Performance

The company has a quick ratio of 0.45, a current ratio of 0.81 and a debt-to-equity ratio of 180.01. The business’s 50-day moving average is C$53.42 and its two-hundred day moving average is C$51.38. The company has a market capitalization of C$26.06 billion, a P/E ratio of 85.85, a price-to-earnings-growth ratio of -2.12 and a beta of 2.12.

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