Brookfield Infrastructure (TSE:BIPC) Shares Up 1.1% – Here’s Why

Brookfield Infrastructure Co. (TSE:BIPC)’s share price rose 1.1% on Thursday . The company traded as high as C$55.41 and last traded at C$55.29. 153,827 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 268,005 shares. The stock had previously closed at C$54.69.

Brookfield Infrastructure Price Performance

The firm has a market cap of C$6.80 billion, a P/E ratio of -8.94 and a beta of 2.41. The business’s fifty day simple moving average is C$55.62 and its 200-day simple moving average is C$59.74. The company has a current ratio of 0.29, a quick ratio of 0.24 and a debt-to-equity ratio of -920.03.

Brookfield Infrastructure (TSE:BIPC) last posted its quarterly earnings results on Wednesday, April 29th. The company reported C$7.59 EPS for the quarter. The firm had revenue of C$1.23 billion during the quarter. Brookfield Infrastructure had a positive return on equity of 57.40% and a negative net margin of 20.50%.

Brookfield Infrastructure Company Profile

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.