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Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Stock Price Passes Below 50-Day Moving Average - Here's Why

Ecofin Global Utilities and Infrastructure Trust logo with Financial Services background

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL - Get Free Report)'s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 185.80 ($2.29) and traded as low as GBX 184 ($2.27). Ecofin Global Utilities and Infrastructure Trust shares last traded at GBX 191 ($2.35), with a volume of 249,397 shares traded.

Ecofin Global Utilities and Infrastructure Trust Stock Performance

The business has a 50 day simple moving average of GBX 185.90 and a 200-day simple moving average of GBX 187.05. The company has a current ratio of 0.35, a quick ratio of 0.04 and a debt-to-equity ratio of 9.44. The stock has a market capitalization of £211.72 million, a price-to-earnings ratio of -1,061.11 and a beta of 0.53.

Ecofin Global Utilities and Infrastructure Trust (LON:EGL - Get Free Report) last announced its earnings results on Tuesday, December 17th. The company reported GBX 7.17 ($0.09) EPS for the quarter.

Ecofin Global Utilities and Infrastructure Trust Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, October 31st were issued a dividend of GBX 2.05 ($0.03) per share. The ex-dividend date was Thursday, October 31st. This represents a yield of 1.04%. Ecofin Global Utilities and Infrastructure Trust's dividend payout ratio is presently -4,444.44%.

Insider Activity

In related news, insider David Simpson sold 27,766 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of GBX 176 ($2.17), for a total transaction of £48,868.16 ($60,249.24). Company insiders own 0.75% of the company's stock.

About Ecofin Global Utilities and Infrastructure Trust

(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.

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