Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL) shares 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.

Ecofin Global Utilities and Infrastructure Trust Stock Performance

The firm has a market capitalization of £242.09 million, a PE ratio of 4.03 and a beta of 1.00. The company has a debt-to-equity ratio of 6.26, a current ratio of 0.15 and a quick ratio of 0.04. The company’s fifty day simple moving average is GBX 272.97 and its 200 day simple moving average is GBX 267.41.

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

Insider Buying and Selling

In other Ecofin Global Utilities and Infrastructure Trust news, insider Susannah Nicklin acquired 3,650 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was bought at an average cost of GBX 272 per share, with a total value of £9,928. Company insiders own 1.82% of the company’s stock.

About Ecofin Global Utilities and Infrastructure Trust

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.