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) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$57.28 and last traded at C$56.66, with a volume of 521336 shares. The stock had previously closed at C$55.75.

Brookfield Infrastructure Partners Trading Up 1.6%

The stock has a market cap of C$26.06 billion, a P/E ratio of 85.85, a price-to-earnings-growth ratio of -2.12 and a beta of 2.12. 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 firm’s fifty day simple moving average is C$53.42 and its 200-day simple moving average is C$51.38.

Brookfield Infrastructure Partners (TSE:BIP.UN) (NYSE:BIP) last announced its 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 business had revenue of C$8.76 billion for the quarter. Equities research analysts expect that Brookfield Infrastructure Partners L.P. will post 0.9401645 EPS for the current fiscal year.

Brookfield Infrastructure Partners Company Profile

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.