HICL Infrastructure (LON:HICL) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

HICL Infrastructure PLC (LON:HICL) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 121.62 ($1.54) and traded as low as GBX 110.40 ($1.39). HICL Infrastructure shares last traded at GBX 110.60 ($1.40), with a volume of 3,649,037 shares traded.

HICL Infrastructure Stock Performance

The company has a market capitalization of £2.20 billion, a PE ratio of 21.70 and a beta of 0.30. The firm’s 50-day simple moving average is GBX 113.98 and its 200 day simple moving average is GBX 121.62.

HICL Infrastructure (LON:HICL) last issued its earnings results on Wednesday, November 20th. The company reported GBX 2.20 ($0.03) EPS for the quarter. HICL Infrastructure had a net margin of 96.27% and a return on equity of 3.24%. As a group, equities analysts anticipate that HICL Infrastructure PLC will post 12.4000007 earnings per share for the current year.

Insiders Place Their Bets

In other HICL Infrastructure news, insider Michael Bane acquired 45,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were acquired at an average cost of GBX 115 ($1.45) per share, for a total transaction of £51,750 ($65,382.19). Also, insider Rita Akushie acquired 10,018 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of GBX 115 ($1.45) per share, for a total transaction of £11,520.70 ($14,555.53). Insiders own 0.20% of the company’s stock.

About HICL Infrastructure

HICL is a UK-listed infrastructure investment company. We invest in infrastructure for local communities and to support the delivery of essential services, working in partnership with the public and private sectors.