Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 271.63 and traded as low as GBX 256.78. Ecofin Global Utilities and Infrastructure Trust shares last traded at GBX 259, with a volume of 192,725 shares.

Ecofin Global Utilities and Infrastructure Trust Stock Down 1.0%

The firm has a market cap of £239.60 million, a PE ratio of 3.99 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 stock has a fifty day simple moving average of GBX 271.63 and a two-hundred day simple moving average of GBX 268.16.

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

Insiders Place Their Bets

In other news, insider Susannah Nicklin acquired 3,650 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average cost of GBX 272 per share, with a total value of £9,928. 1.82% of the stock is owned by corporate insiders.

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.