Brookfield Infrastructure (TSE:BIPC) Shares Up 0.3% – Here’s Why

Brookfield Infrastructure Co. (TSE:BIPC)’s stock price was up 0.3% during trading on Wednesday . The company traded as high as C$58.10 and last traded at C$57.65. Approximately 202,523 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 263,720 shares. The stock had previously closed at C$57.45.

Brookfield Infrastructure Price Performance

The company has a quick ratio of 0.24, a current ratio of 0.29 and a debt-to-equity ratio of -920.03. The company has a market cap of C$7.09 billion, a PE ratio of -9.32 and a beta of 2.41. The stock has a 50-day simple moving average of C$56.11 and a 200 day simple moving average of C$60.71.

Brookfield Infrastructure (TSE:BIPC) last posted its earnings results on Wednesday, April 29th. The company reported C$7.59 EPS for the quarter. Brookfield Infrastructure had a positive return on equity of 57.26% and a negative net margin of 20.53%.The company had revenue of C$1.23 billion for the quarter.

Brookfield Infrastructure Company Profile

Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across the Americas, Asia Pacific and Europe. We are focused on assets that have contracted and regulated revenues that generate predictable and stable cash flows. Investors can access its portfolio either through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian corporation.