Brookfield Infrastructure (TSE:BIPC) Stock Price Up 1.1% – Here’s Why

Brookfield Infrastructure Co. (TSE:BIPC) shares were up 1.1% on Thursday . The company traded as high as C$55.41 and last traded at C$55.29. Approximately 153,827 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 268,005 shares. The stock had previously closed at C$54.69.

Brookfield Infrastructure Price Performance

The company has a current ratio of 0.29, a quick ratio of 0.24 and a debt-to-equity ratio of -920.03. The company has a market cap of C$6.85 billion, a PE ratio of -9.00 and a beta of 2.41. The firm has a 50 day moving average of C$55.64 and a two-hundred day moving average of C$59.71.

Brookfield Infrastructure (TSE:BIPC) last released its quarterly earnings data on Wednesday, April 29th. The company reported C$7.59 earnings per share for the quarter. The business had revenue of C$1.23 billion during the quarter. Brookfield Infrastructure had a negative net margin of 20.50% and a positive return on equity of 57.40%.

About Brookfield Infrastructure

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.