Brookfield Infrastructure (TSE:BIPC) Stock Price Up 2% – Still a Buy?

Brookfield Infrastructure Co. (TSE:BIPC)’s share price shot up 2% during mid-day trading on Thursday . The stock traded as high as C$58.74 and last traded at C$58.54. 519,769 shares were traded during mid-day trading, an increase of 100% from the average daily volume of 259,791 shares. The stock had previously closed at C$57.37.

Brookfield Infrastructure Trading Up 2.0%

The business’s fifty day moving average is C$56.42 and its 200-day moving average is C$59.07. The company has a debt-to-equity ratio of -920.03, a quick ratio of 0.24 and a current ratio of 0.29. The firm has a market cap of C$7.20 billion, a P/E ratio of -9.46 and a beta of 2.48.

Brookfield Infrastructure (TSE:BIPC) last posted its earnings results on Wednesday, April 29th. The company reported C$7.59 earnings per share for the quarter. Brookfield Infrastructure had a negative net margin of 20.50% and a positive return on equity of 57.40%. The firm 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.