FTAI Infrastructure (NASDAQ:FIP) Stock Price Down 5.9% – What’s Next?

Shares of FTAI Infrastructure Inc. (NASDAQ:FIP) fell 5.9% during mid-day trading on Tuesday . The company traded as low as $6.61 and last traded at $6.61. 345,065 shares traded hands during trading, a decline of 67% from the average session volume of 1,034,969 shares. The stock had previously closed at $7.02.

FTAI Infrastructure Price Performance

The firm has a market capitalization of $795.11 million, a P/E ratio of -3.53 and a beta of 1.45. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07. The firm has a 50 day moving average price of $7.79 and a 200-day moving average price of $8.69.

FTAI Infrastructure (NASDAQ:FIP) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.45) EPS for the quarter. FTAI Infrastructure had a negative return on equity of 46.25% and a negative net margin of 44.32%. The firm had revenue of $83.31 million for the quarter.

Institutional Trading of FTAI Infrastructure

Institutional investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of FTAI Infrastructure during the third quarter valued at $34,000. US Bancorp DE bought a new stake in FTAI Infrastructure during the 3rd quarter valued at about $52,000. Cladis Investment Advisory LLC purchased a new stake in FTAI Infrastructure in the 3rd quarter valued at about $94,000. Algert Global LLC purchased a new stake in FTAI Infrastructure in the 2nd quarter valued at about $88,000. Finally, Castellan Group bought a new position in FTAI Infrastructure in the 4th quarter worth about $96,000. Institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Company Profile

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.