Brookfield Infrastructure Partners (TSE:BIP.UN) Share Price Crosses Above 50-Day Moving Average - What's Next?

Shares of Brookfield Infrastructure Partners L.P. (TSE:BIP.UN - Get Free Report) reached above their 50-day moving average during trading on Friday. This notable movement indicates an upward trend, as the stock had a 50-day moving average of C$46.97 and peaked at C$48.40 during the session. Ultimately, Brookfield Infrastructure Partners shares closed at C$47.89, with a trading volume of 257,129 shares.

Current Stock Performance

As of this point, the stock has experienced a slight decline of 0.9%. Brookfield Infrastructure Partners boasts a market capitalization of C$22.11 billion. The company's price-to-earnings (P/E) ratio is quite negative at -266.06, while the price-to-earnings growth (PEG) ratio stands at -2.12. Additionally, it has a beta of 1.05, indicating volatility in relation to the market. The firm's moving averages include a 50-day simple moving average of C$46.97 and a 200-day simple moving average of C$44.97. Financially, the company has a debt-to-equity ratio of 180.01, alongside a current ratio of 0.81 and a quick ratio of 0.45.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners LP is a Bermuda exempted limited partnership. The firm owns and operates high-quality, long-life assets that generate stable cash flows. These assets are characterized by significant barriers to entry, which contribute to their potential for appreciating value over time. The company's strategy focuses on acquiring infrastructure assets that incur low maintenance costs while presenting high barriers to market entry.

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This report is generated using advanced narrative technology and financial data to ensure timeliness and accuracy. It has been reviewed for quality before publication.

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Brookfield, Infrastructure, Partners