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

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 185.80 ($2.29) and traded as low as GBX 184 ($2.27). Ecofin Global Utilities and Infrastructure Trust shares last traded at GBX 191 ($2.35), with a volume of 249,397 shares.

Ecofin Global Utilities and Infrastructure Trust Stock Down 3.4 %

The firm has a market cap of £204.52 million, a price-to-earnings ratio of -1,025.00 and a beta of 0.53. The company has a quick ratio of 0.04, a current ratio of 0.35 and a debt-to-equity ratio of 9.44. The firm has a fifty day moving average price of GBX 185.80 and a 200-day moving average price of GBX 186.95.

Ecofin Global Utilities and Infrastructure Trust (LON:EGL) last issued its quarterly earnings results on Tuesday, December 17th. The company reported GBX 7.17 ($0.09) earnings per share (EPS) for the quarter.

Ecofin Global Utilities and Infrastructure Trust Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, November 29th. Investors of record on Thursday, October 31st were issued a GBX 2.05 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a yield of 1.04%. Ecofin Global Utilities and Infrastructure Trust’s payout ratio is -4,444.44%.

Insider Buying and Selling

In other Ecofin Global Utilities and Infrastructure Trust news, insider David Simpson sold 27,766 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of GBX 176 ($2.17), for a total transaction of £48,868.16 ($60,249.24). 0.75% of the stock is currently owned by company insiders.

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.