Brookfield Infrastructure Partners (TSE:BIP.UN) Stock Crosses Below 50-Day Moving Average – Should You Sell?

Shares of Brookfield Infrastructure Partners L.P. (TSE:BIP.UNGet Free Report) (NYSE:BIP) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$48.87 and traded as low as C$48.18. Brookfield Infrastructure Partners shares last traded at C$48.64, with a volume of 546,923 shares trading hands.

Brookfield Infrastructure Partners Trading Up 0.5%

The company has a market capitalization of C$22.55 billion, a PE ratio of 72.60, a price-to-earnings-growth ratio of -2.12 and a beta of 1.98. 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’s fifty day moving average is C$48.87 and its 200-day moving average is C$45.69.

About Brookfield Infrastructure Partners

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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.

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