Brookfield Infrastructure Partners (TSE:BIP.UN) Shares Break Above 50 Day Moving Average – Time to Sell?

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN – Get Free Report) (NYSE:BIP) shares passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$52.11 and traded as high as C$52.66. Brookfield Infrastructure Partners shares last traded at C$51.65, with a volume of 518,372 shares changing hands.

Brookfield Infrastructure Partners Trading Up 1.9%

The firm has a market cap of C$24.30 billion, a price-to-earnings ratio of 85.19, a PEG ratio of -2.12 and a beta of 2.04. The company has a 50-day moving average price of C$52.00 and a 200 day moving average price of C$52.53. The company has a quick ratio of 0.45, a current ratio of 0.81 and a debt-to-equity ratio of 180.01.

About Brookfield Infrastructure Partners

(Get Free Report)

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.

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