Sequoia Economic Infrastructure (LON:SEQI) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

Sequoia Economic Infrastructure Inc (LON:SEQI) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 79.23 and traded as high as GBX 80.35. Sequoia Economic Infrastructure shares last traded at GBX 79.90, with a volume of 10,548,483 shares trading hands.

Sequoia Economic Infrastructure Stock Performance

The company has a 50 day moving average of GBX 79.23 and a 200 day moving average of GBX 78.81. The stock has a market capitalization of £1.19 billion and a price-to-earnings ratio of 15.84.

Sequoia Economic Infrastructure (LON:SEQI) last posted 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

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.