Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Stock Passes Below 50-Day Moving Average – Should You Sell?

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL) passed below its 50-day moving average during trading on Friday . The stock has a 50-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 traded.

Ecofin Global Utilities and Infrastructure Trust Trading Up 1.1 %

The firm’s fifty day moving average price is GBX 187.47 and its two-hundred day moving average price is GBX 188.51. The stock has a market capitalization of £201.38 million, a PE ratio of -20.98 and a beta of 0.53.

Ecofin Global Utilities and Infrastructure Trust (LON:EGL) last released its quarterly earnings results on Tuesday, December 17th. The company reported GBX 7.17 ($0.09) earnings per share 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 company also recently disclosed a dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 5th were paid a dividend of GBX 2.13 ($0.03) per share. This is a positive change from Ecofin Global Utilities and Infrastructure Trust’s previous dividend of $2.05. This represents a yield of 1.11%. The ex-dividend date of this dividend was Wednesday, February 5th. Ecofin Global Utilities and Infrastructure Trust’s payout ratio is -89.73%.

Insider Buying and Selling at Ecofin Global Utilities and Infrastructure Trust

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

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.