Brookfield Infrastructure (TSE:BIPC) Shares Down 3.3% – Here’s Why

Brookfield Infrastructure Co. (TSE:BIPCGet Free Report) was down 3.3% on Thursday . The company traded as low as C$50.75 and last traded at C$51.84. Approximately 246,928 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 204,648 shares. The stock had previously closed at C$53.62.

Brookfield Infrastructure Trading Down 5.2 %

The business’s 50-day moving average price is C$55.78 and its two-hundred day moving average price is C$57.55. The company has a debt-to-equity ratio of -1,758.64, a current ratio of 0.49 and a quick ratio of 0.24. The firm has a market cap of C$4.11 billion, a price-to-earnings ratio of -7.22 and a beta of 1.41.

Brookfield Infrastructure Company Profile

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Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil. The company also engages in the regulated gas and electricity distribution operations in the United Kingdom; and electricity transmission and distribution, as well as gas distribution in Australia.

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