GCP Infrastructure Investments (LON:GCP) Shares Pass Above 200 Day Moving Average – Here’s Why

GCP Infrastructure Investments Limited (LON:GCP) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 74.78 and traded as high as GBX 79.10. GCP Infrastructure Investments shares last traded at GBX 78.70, with a volume of 1,401,458 shares changing hands.

GCP Infrastructure Investments Stock Up 0.9%

The firm has a market capitalization of £639.91 million, a PE ratio of 36.60 and a beta of 0.38. The stock has a 50-day simple moving average of GBX 75.52 and a 200-day simple moving average of GBX 74.78. The company has a quick ratio of 131.52, a current ratio of 3.21 and a debt-to-equity ratio of 3.20.

GCP Infrastructure Investments (LON:GCP) last issued its quarterly earnings results on Thursday, June 4th. The company reported GBX 3.40 EPS for the quarter. GCP Infrastructure Investments had a return on equity of 2.19% and a net margin of 22.65%.The firm had revenue of GBX 2,419 million for the quarter. Analysts forecast that GCP Infrastructure Investments Limited will post 8.2955771 EPS for the current year.

About GCP Infrastructure Investments

GCP Infrastructure Investment Limited (GCP Infra) is a Jersey-incorporated, closed ended investment company whose shares are traded on the main market of the London Stock Exchange. Its objective is to provide shareholders with regular, sustained distributions and to preserve capital over the long term by generating exposure primarily to UK infrastructure debt and related and/or similar assets which provide regular and predictable long term cashflows.

GCP Infra primarily targets investments in infrastructure projects with long term, public sector-backed, availability-based revenues.