HICL Infrastructure (LON:HICL) Reaches New 12-Month Low – What’s Next?

Shares of HICL Infrastructure PLC (LON:HICL) reached a new 52-week low on Monday . The stock traded as low as GBX 119.20 ($1.50) and last traded at GBX 119.29 ($1.50), with a volume of 2233027 shares changing hands. The stock had previously closed at GBX 122 ($1.54).

HICL Infrastructure Stock Performance

The firm has a 50 day moving average price of GBX 127.37 and a two-hundred day moving average price of GBX 125.90. The company has a market capitalization of £2.42 billion, a P/E ratio of 6,100.00 and a beta of 0.30.

HICL Infrastructure Dividend Announcement

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

Insider Buying and Selling

In related news, insider Rita Akushie purchased 1,195 shares of HICL Infrastructure stock in a transaction that occurred on Friday, August 30th. The shares were acquired at an average price of GBX 127 ($1.60) per share, for a total transaction of £1,517.65 ($1,912.60). 0.20% of the stock is currently owned by corporate insiders.

About HICL Infrastructure

HICL Infrastructure PLC specializes in direct and fund of funds investments. For direct investments, it seeks to invest in infrastructure projects. It invests in project companies which have not yet completed the construction phases of their concessions including project companies which are in the process of bidding for project concessions.