Sequoia Economic Infrastructure (LON:SEQI) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Sequoia Economic Infrastructure Inc (LON:SEQIGet Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 79.10 and traded as high as GBX 81. Sequoia Economic Infrastructure shares last traded at GBX 80.20, with a volume of 4,656,701 shares trading hands.

Sequoia Economic Infrastructure Trading Up 0.6%

The company has a market capitalization of £1.20 billion and a price-to-earnings ratio of 15.99. The stock has a 50-day simple moving average of GBX 79.10 and a 200-day simple moving average of GBX 78.80.

Sequoia Economic Infrastructure (LON:SEQIGet Free Report) last issued its quarterly earnings results on Tuesday, December 2nd. The company reported GBX 4.40 earnings per share (EPS) for the quarter.

About Sequoia Economic Infrastructure

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Sequoia Economic Infrastructure Income Fund Limited invests in a diversified portfolio of senior and subordinated economic infrastructure debt investments through its subsidiary Sequoia IDF Asset Holdings SA The Company operates through investment in senior and subordinated infrastructure debt instruments and related and/or similar assets segment. Its investment objective is to provide investors with regular, sustained, long-term distributions and capital appreciation from a diversified portfolio of senior and subordinated economic infrastructure debt investments.

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