Brookfield Infrastructure Partners (TSE:BIP.UN) Hits New 1-Year High – Here’s What Happened

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$55.02 and last traded at C$55.01, with a volume of 466377 shares. The stock had previously closed at C$53.21.

Brookfield Infrastructure Partners Stock Up 1.9%

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 business’s fifty day simple moving average is C$49.66 and its two-hundred day simple moving average is C$47.63. The company has a market cap of C$25.15 billion, a PE ratio of 60.27, a PEG ratio of -2.12 and a beta of 1.87.

Brookfield Infrastructure Partners (TSE:BIP.UN) (NYSE:BIP) last announced its quarterly earnings results on Thursday, January 29th. The company reported C$0.61 earnings per share for the quarter. The firm had revenue of C$8.32 billion during the quarter. Brookfield Infrastructure Partners had a positive return on equity of 5.21% and a negative net margin of 0.09%. On average, analysts predict that Brookfield Infrastructure Partners L.P. will post 0.9401645 earnings per share for the current year.

Brookfield Infrastructure Partners Company Profile

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. The company’s segments consist of Utilities, Transport, Midstream, and Data. Geographically, it generates maximum revenue from Brazil and also has a presence in Australia, Colombia, United Kingdom, Canada, United States of America, Chile, Peru, India, and other countries.