HICL Infrastructure (LON:HICL) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

HICL Infrastructure PLC (LON:HICL)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 124.06 ($1.52) and traded as low as GBX 110.66 ($1.35). HICL Infrastructure shares last traded at GBX 111.40 ($1.36), with a volume of 7,130,739 shares.

HICL Infrastructure Stock Performance

The business’s 50 day moving average is GBX 118.05 and its 200 day moving average is GBX 124.06. The stock has a market cap of £2.26 billion, a price-to-earnings ratio of 5,593.70 and a beta of 0.30.

HICL Infrastructure Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were paid a GBX 2.06 ($0.03) dividend. This represents a yield of 1.72%. The ex-dividend date was Thursday, November 21st. HICL Infrastructure’s dividend payout ratio is 40,000.00%.

Insider Buying and Selling

In related news, insider Rita Akushie bought 10,018 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was bought at an average price of GBX 115 ($1.41) per share, with a total value of £11,520.70 ($14,101.22). Also, insider Michael Bane bought 45,000 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were bought at an average cost of GBX 115 ($1.41) per share, with a total value of £51,750 ($63,341.49). Company insiders own 0.20% of the company’s stock.

About HICL Infrastructure

HICL is a UK-listed infrastructure investment company. We invest in infrastructure for local communities and to support the delivery of essential services, working in partnership with the public and private sectors.