International Public Partnerships (LON:INPP) Shares Pass Above Fifty Day Moving Average - Here's Why

International Public Partnerships (LON:INPP - Get Free Report) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 117.39 ($1.48) and traded as high as GBX 117.60 ($1.49). International Public Partnerships shares last traded at GBX 116.80 ($1.48), with a volume of 6,707,381 shares.

International Public Partnerships Stock Performance

The stock has a 50 day moving average of GBX 117.23 and a two-hundred day moving average of GBX 123.75. The stock has a market cap of £2.12 billion, a PE ratio of 48.75 and a beta of 0.31.

Insider Buying and Selling

In other news, insider John Le Poidevin purchased 86,972 shares of International Public Partnerships stock in a transaction dated Tuesday, February 4th. The stock was acquired at an average cost of GBX 114 ($1.44) per share, for a total transaction of £99,148.08 ($125,266.05). 0.14% of the stock is currently owned by company insiders.

International Public Partnerships Company Profile

INPP is a global infrastructure fund that invests in high-quality infrastructure projects and businesses that are sustainable over the long-term. INPP aims to provide our investors with stable, long-term, inflation-linked returns, based on growing dividends and the potential for capital appreciation.