Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Hits New 1-Year High – Still a Buy?

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 263 and last traded at GBX 263, with a volume of 89101 shares. The stock had previously closed at GBX 262.

Ecofin Global Utilities and Infrastructure Trust Price Performance

The firm has a market cap of £255.04 million, a P/E ratio of 8.83 and a beta of 0.53. The company has a fifty day moving average of GBX 241.81 and a 200-day moving average of GBX 232.42.

Ecofin Global Utilities and Infrastructure Trust (LON:EGL) last posted its quarterly earnings results on Friday, December 12th. The company reported GBX 7.45 earnings per share for the quarter. Ecofin Global Utilities and Infrastructure Trust had a net margin of 192.30% and a negative return on equity of 4.40%.

Ecofin Global Utilities and Infrastructure Trust Company Profile

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.