FTAI Infrastructure (NASDAQ:FIP) Stock Price Down 5.9% – Time to Sell?

FTAI Infrastructure Inc. (NASDAQ:FIP) traded down 5.9% on Tuesday . The company traded as low as $6.61 and last traded at $6.61. 345,065 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 1,034,969 shares. The stock had previously closed at $7.02.

FTAI Infrastructure Stock Performance

The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42. The business’s fifty day moving average price is $7.79 and its 200-day moving average price is $8.69. The stock has a market cap of $795.11 million, a PE ratio of -3.53 and a beta of 1.45.

FTAI Infrastructure (NASDAQ:FIP) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.45) EPS for the quarter. The firm had revenue of $83.31 million during the quarter. FTAI Infrastructure had a negative return on equity of 46.25% and a negative net margin of 44.32%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FIP. Wilmington Savings Fund Society FSB bought a new position in shares of FTAI Infrastructure in the third quarter worth about $34,000. US Bancorp DE bought a new position in FTAI Infrastructure in the 3rd quarter worth approximately $52,000. Algert Global LLC purchased a new stake in FTAI Infrastructure during the 2nd quarter valued at approximately $88,000. Cladis Investment Advisory LLC bought a new stake in shares of FTAI Infrastructure during the third quarter valued at approximately $94,000. Finally, Castellan Group purchased a new position in shares of FTAI Infrastructure in the fourth quarter worth $96,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

FTAI Infrastructure Company Profile

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.