Brookfield Infrastructure Partners (TSE:BIP.UN) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$46.97 and traded as high as C$48.40. Brookfield Infrastructure Partners shares last traded at C$47.89, with a volume of 257,129 shares trading hands.

Brookfield Infrastructure Partners Stock Performance

The company has a market capitalization of C$22.11 billion, a PE ratio of -266.06, a PEG ratio of -2.12 and a beta of 1.05. The company has a debt-to-equity ratio of 180.01, a current ratio of 0.81 and a quick ratio of 0.45. The company has a 50 day moving average of C$46.96 and a two-hundred day moving average of C$45.04.

Brookfield Infrastructure Partners Company Profile

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.