Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Share Price Passes Below 50 Day Moving Average – What’s Next?

Posted by Michael Baxter on Nov 2nd, 2024

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL – Get Free Report)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 191.65 ($2.49) and traded as low as GBX 190 ($2.46). Ecofin Global Utilities and Infrastructure Trust shares last traded at GBX 190 ($2.46), with a volume of 70,558 shares changing hands.

Ecofin Global Utilities and Infrastructure Trust Stock Performance

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 stock’s fifty day moving average is GBX 191.65 and its two-hundred day moving average is GBX 184.40. The firm has a market capitalization of £210.62 million, a price-to-earnings ratio of -1,055.56 and a beta of 0.53.

Ecofin Global Utilities and Infrastructure Trust Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be paid a dividend of GBX 2.05 ($0.03) per share. This represents a yield of 1.04%. The ex-dividend date is Thursday, October 31st. Ecofin Global Utilities and Infrastructure Trust’s payout ratio is presently -4,444.44%.

Insider Buying and Selling at Ecofin Global Utilities and Infrastructure Trust

In other Ecofin Global Utilities and Infrastructure Trust news, insider David Simpson sold 546 shares of Ecofin Global Utilities and Infrastructure Trust stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of GBX 183 ($2.37), for a total value of £999.18 ($1,295.79). Company insiders own 0.75% of the company’s stock.

About Ecofin Global Utilities and Infrastructure Trust

(Get Free Report)

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.