Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGLGet Free Report)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 272.97 and traded as low as GBX 259.50. Ecofin Global Utilities and Infrastructure Trust shares last traded at GBX 262, with a volume of 150,257 shares trading hands.

Ecofin Global Utilities and Infrastructure Trust Stock Down 0.1%

The company has a market capitalization of £242.09 million, a P/E ratio of 4.03 and a beta of 1.00. The company has a debt-to-equity ratio of 6.26, a quick ratio of 0.04 and a current ratio of 0.15. The stock has a 50 day moving average price of GBX 272.97 and a 200 day moving average price of GBX 267.41.

Ecofin Global Utilities and Infrastructure Trust (LON:EGLGet Free Report) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported GBX 1.92 earnings per share for the quarter. Ecofin Global Utilities and Infrastructure Trust had a net margin of 271.70% and a return on equity of 25.45%. The company had revenue of GBX 317 million during the quarter.

Insider Activity at Ecofin Global Utilities and Infrastructure Trust

In other news, insider Susannah Nicklin acquired 3,650 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were acquired at an average price of GBX 272 per share, for a total transaction of £9,928. Company insiders own 1.82% of the company’s stock.

Ecofin Global Utilities and Infrastructure Trust Company Profile

(Get Free Report)

Ecofin Global Utilities and Infrastructure Trust plc is a closed-ended equity mutual fund launched and managed by Tortoise Advisors UK Limited. manages assets for clients worldwide. The fund invests in the public equity markets across the globe. It primarily invests in growth stocks of companies. The fund seeks to invests in utility and infrastructure companies in developed countries. Ecofin Global Utilities and Infrastructure Trust plc was formed on September 26, 2016 and is domiciled in the United Kingdom.

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