GCP Infrastructure Investments (LON:GCP) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

GCP Infrastructure Investments Limited (LON:GCP)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 73.73 and traded as low as GBX 71.50. GCP Infrastructure Investments shares last traded at GBX 71.78, with a volume of 9,155,377 shares.

GCP Infrastructure Investments Price Performance

The company has a 50-day moving average of GBX 72.27 and a two-hundred day moving average of GBX 73.73. The company has a market capitalization of £603.07 million, a PE ratio of 62.78 and a beta of 0.34.

GCP Infrastructure Investments (LON:GCP) last issued its quarterly earnings results on Thursday, December 11th. The company reported GBX 6.73 EPS for the quarter. GCP Infrastructure Investments had a return on equity of 1.63% and a net margin of 20.96%. As a group, research analysts anticipate that GCP Infrastructure Investments Limited will post 8.2955771 EPS for the current year.

Insider Buying and Selling

In other news, insider Andrew Didham purchased 27,601 shares of the stock in a transaction on Thursday, November 6th. The shares were acquired at an average price of GBX 72 per share, with a total value of £19,872.72. Insiders own 0.14% of the company’s stock.

About GCP Infrastructure Investments

GCP Infrastructure Investment Limited (GCP Infra) is a Jersey-incorporated, closed ended investment company whose shares are traded on the main market of the London Stock Exchange. Its objective is to provide shareholders with regular, sustained distributions and to preserve capital over the long term by generating exposure primarily to UK infrastructure debt and related and/or similar assets which provide regular and predictable long term cashflows.

GCP Infra primarily targets investments in infrastructure projects with long term, public sector-backed, availability-based revenues.