Thursday, September 19, 2024

Brookfield Infrastructure Partners (TSE:BIP.UN) Shares Cross Above 50 Day Moving Average of $39.42

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Brookfield Infrastructure Partners L.P. (TSE:BIP.UNGet Free Report) (NYSE:BIP) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$39.42 and traded as high as C$40.35. Brookfield Infrastructure Partners shares last traded at C$38.69, with a volume of 638,527 shares changing hands.

Brookfield Infrastructure Partners Stock Down 4.2 %

The firm has a market capitalization of C$17.86 billion, a price-to-earnings ratio of 92.12, a P/E/G ratio of -2.12 and a beta of 1.00. The stock has a fifty day moving average of C$39.42 and a two-hundred day moving average of C$40.05. The company has a debt-to-equity ratio of 164.25, a current ratio of 0.79 and a quick ratio of 0.45.

About Brookfield Infrastructure Partners

(Get Free Report)

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.

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