Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Share Price Crosses Below 50-Day Moving Average – What’s Next?

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 187.47 ($2.42) and traded as low as GBX 183.50 ($2.37). Ecofin Global Utilities and Infrastructure Trust shares last traded at GBX 187 ($2.42), with a volume of 131,100 shares trading hands.

Ecofin Global Utilities and Infrastructure Trust Price Performance

The firm has a fifty day simple moving average of GBX 187.47 and a 200 day simple moving average of GBX 188.56. The company has a market cap of £201.38 million, a price-to-earnings ratio of -20.98 and a beta of 0.53.

Ecofin Global Utilities and Infrastructure Trust (LON:EGL) last announced its quarterly earnings results on Tuesday, December 17th. The company reported GBX 7.17 ($0.09) EPS for the quarter. Ecofin Global Utilities and Infrastructure Trust had a negative return on equity of 4.40% and a net margin of 192.30%.

Ecofin Global Utilities and Infrastructure Trust Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 5th were paid a GBX 2.13 ($0.03) dividend. This is an increase from Ecofin Global Utilities and Infrastructure Trust’s previous dividend of $2.05. The ex-dividend date was Wednesday, February 5th. This represents a dividend yield of 1.11%. Ecofin Global Utilities and Infrastructure Trust’s dividend payout ratio (DPR) is presently -89.73%.

Insider Transactions at Ecofin Global Utilities and Infrastructure Trust

In related news, insider David Simpson sold 27,766 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of GBX 176 ($2.28), for a total value of £48,868.16 ($63,210.66). Also, insider Susannah Nicklin sold 1,307 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of GBX 190 ($2.46), for a total value of £2,483.30 ($3,212.13). 0.75% of the stock is currently 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.