Brookfield Infrastructure (TSE:BIPC) Trading 1.5% Higher – Here’s What Happened

Shares of Brookfield Infrastructure Co. (TSE:BIPC) rose 1.5% during trading on Wednesday . The company traded as high as C$57.34 and last traded at C$57.06. Approximately 323,935 shares traded hands during mid-day trading, an increase of 28% from the average daily volume of 252,454 shares. The stock had previously closed at C$56.24.

Brookfield Infrastructure Price Performance

The business’s 50 day moving average price is C$56.15 and its 200 day moving average price is C$61.35. The stock has a market capitalization of C$7.02 billion, a P/E ratio of -9.22 and a beta of 2.05. The company has a debt-to-equity ratio of -920.03, a current ratio of 2.16 and a quick ratio of 0.24.

Brookfield Infrastructure (TSE:BIPC) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$7.59 EPS for the quarter. Brookfield Infrastructure had a negative net margin of 20.53% and a positive return on equity of 57.26%. The firm had revenue of C$1.23 billion during the quarter.

About Brookfield Infrastructure

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.