Brookfield Infrastructure Partners (TSE:BIP.UN) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Shares of Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$44.84 and traded as high as C$49.34. Brookfield Infrastructure Partners shares last traded at C$48.62, with a volume of 413,745 shares trading hands.

Wall Street Analyst Weigh In

Separately, National Bankshares lifted their target price on Brookfield Infrastructure Partners from C$31.00 to C$34.00 and gave the stock a “sector perform” rating in a report on Friday, August 23rd.

Brookfield Infrastructure Partners Trading Up 1.3 %

The company has a debt-to-equity ratio of 180.01, a quick ratio of 0.45 and a current ratio of 0.81. The firm has a market cap of C$22.91 billion, a PE ratio of -278.06, a price-to-earnings-growth ratio of -2.12 and a beta of 1.05. The stock has a 50-day simple moving average of C$44.98 and a two-hundred day simple moving average of C$41.55.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.