Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 188.91 ($2.43) and traded as high as GBX 192 ($2.47). Ecofin Global Utilities and Infrastructure Trust shares last traded at GBX 190 ($2.45), with a volume of 120,214 shares.

Ecofin Global Utilities and Infrastructure Trust Trading Down 2.2 %

The stock has a market cap of £202.29 million, a P/E ratio of -21.07 and a beta of 0.53. The company’s fifty day simple moving average is GBX 188.66 and its 200-day simple moving average is GBX 188.91.

Ecofin Global Utilities and Infrastructure Trust Increases Dividend

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

Insiders Place Their Bets

In other Ecofin Global Utilities and Infrastructure Trust news, insider Susannah Nicklin sold 1,307 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of GBX 190 ($2.45), for a total value of £2,483.30 ($3,197.24). Corporate 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.