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

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 274.41 and traded as low as GBX 268. Ecofin Global Utilities and Infrastructure Trust shares last traded at GBX 268, with a volume of 691,436 shares.

Ecofin Global Utilities and Infrastructure Trust Price Performance

The stock has a market cap of £247.67 million, a P/E ratio of 4.15 and a beta of 1.00. The company has a current ratio of 0.15, a quick ratio of 0.04 and a debt-to-equity ratio of 6.26. The company’s fifty day simple moving average is GBX 274.41 and its 200-day simple moving average is GBX 265.15.

Ecofin Global Utilities and Infrastructure Trust (LON:EGL) last released its quarterly earnings data on Wednesday, June 3rd. The company reported GBX 1.92 EPS for the quarter. The company 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%.

Insiders Place Their Bets

In other Ecofin Global Utilities and Infrastructure Trust news, insider Susannah Nicklin purchased 3,650 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average price of GBX 272 per share, with a total value of £9,928. 1.84% of the stock is currently owned by insiders.

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.