Brookfield Infrastructure Partners (TSE:BIP.UN) Sets New 1-Year High – Here’s Why

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP)’s stock price hit a new 52-week high on Friday . The stock traded as high as C$55.30 and last traded at C$55.13, with a volume of 179219 shares changing hands. The stock had previously closed at C$54.90.

Brookfield Infrastructure Partners Price Performance

The company has a debt-to-equity ratio of 180.01, a quick ratio of 0.45 and a current ratio of 0.81. The stock has a market capitalization of C$25.18 billion, a price-to-earnings ratio of 82.92, a price-to-earnings-growth ratio of -2.12 and a beta of 2.12. The business’s 50 day simple moving average is C$53.09 and its 200-day simple moving average is C$51.15.

Brookfield Infrastructure Partners (TSE:BIP.UN) (NYSE:BIP) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C($0.28) 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 firm had revenue of C$8.76 billion during the quarter. Research analysts anticipate that Brookfield Infrastructure Partners L.P. will post 0.9401645 earnings per share for the current 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.