Brookfield Infrastructure Partners (TSE:BIP.UN) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$52.02 and traded as high as C$52.50. Brookfield Infrastructure Partners shares last traded at C$52.27, with a volume of 290,847 shares trading hands.

Brookfield Infrastructure Partners Trading Up 1.6%

The company has a current ratio of 0.81, a quick ratio of 0.45 and a debt-to-equity ratio of 180.01. The firm has a 50-day moving average of C$51.55 and a 200 day moving average of C$52.02. The company has a market cap of C$24.05 billion, a P/E ratio of 84.31, a price-to-earnings-growth ratio of -2.12 and a beta of 2.04.

About Brookfield Infrastructure Partners

Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across the Americas, Asia Pacific and Europe. We are focused on assets that have contracted and regulated revenues that generate predictable and stable cash flows. Investors can access its portfolio either through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian corporation.