Brookfield Infrastructure (TSE:BIPC) Shares Up 2% – Should You Buy?

Brookfield Infrastructure Co. (TSE:BIPC) shares shot up 2% during trading on Thursday . The stock traded as high as C$58.74 and last traded at C$58.54. Approximately 519,769 shares changed hands during 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 Stock Up 0.1%

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’s 50-day moving average is C$56.50 and its two-hundred day moving average is C$59.07. The stock has a market cap of C$7.20 billion, a P/E ratio of -9.47 and a beta of 2.48.

Brookfield Infrastructure (TSE:BIPC) last posted its quarterly earnings data on Wednesday, April 29th. The company reported C$7.59 earnings per share (EPS) for the quarter. The firm had revenue of C$1.23 billion for the quarter. Brookfield Infrastructure had a positive return on equity of 57.40% and a negative net margin of 20.50%.

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.