Brookfield Infrastructure (TSE:BIPC) Trading 1.9% Higher – What’s Next?

Brookfield Infrastructure Co. (TSE:BIPC)’s stock price rose 1.9% during mid-day trading on Wednesday . The company traded as high as C$62.88 and last traded at C$62.67. Approximately 135,542 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 137,537 shares. The stock had previously closed at C$61.52.

Brookfield Infrastructure Stock Performance

The company has a market cap of C$7.46 billion, a price-to-earnings ratio of -37.11 and a beta of 1.87. The company has a current ratio of 0.49, a quick ratio of 0.24 and a debt-to-equity ratio of -1,758.64. The stock’s 50 day moving average price is C$62.97 and its 200 day moving average price is C$59.80.

Brookfield Infrastructure (TSE:BIPC) last released its earnings results on Friday, November 7th. The company reported C$0.83 earnings per share (EPS) for the quarter. Brookfield Infrastructure had a negative net margin of 18.82% and a positive return on equity of 196.70%. The business had revenue of C$1.28 billion for the quarter.

Brookfield Infrastructure Company Profile

Brookfield Infrastructure Corp along with its subsidiaries is engaged in owning and operating regulated utility investments in Brazil and the United Kingdom. The group’s operations include utilities, transport, energy, and data infrastructure businesses in North and South America, Europe, and the Asia Pacific. The company generates a majority of its revenue from regulated gas transmission operations. Geographically, it generates maximum revenue from Brazil.