Brookfield Infrastructure Partners (TSE:BIP.UN) Reaches New 52-Week 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 Wednesday . The company traded as high as C$59.24 and last traded at C$59.12, with a volume of 442881 shares trading hands. The stock had previously closed at C$57.15.

Brookfield Infrastructure Partners Stock Down 2.1%

The company has a current ratio of 0.81, a quick ratio of 0.45 and a debt-to-equity ratio of 180.01. The business has a 50-day moving average price of C$54.06 and a 200-day moving average price of C$51.86. The firm has a market cap of C$27.11 billion, a P/E ratio of 89.30, a P/E/G ratio of -2.12 and a beta of 2.12.

Brookfield Infrastructure Partners (TSE:BIP.UN) (NYSE:BIP) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C($0.28) earnings per share (EPS) for the quarter. Brookfield Infrastructure Partners had a negative net margin of 0.09% and a positive return on equity of 5.21%. The business had revenue of C$8.76 billion for the quarter. On average, equities analysts forecast that Brookfield Infrastructure Partners L.P. will post 0.9401645 EPS for the current fiscal year.

About Brookfield Infrastructure Partners

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.