HICL Infrastructure (LON:HICL) Hits New 1-Year Low – Here’s Why

HICL Infrastructure PLC (LON:HICL) shares reached a new 52-week low on Monday . The company traded as low as GBX 119.20 ($1.51) and last traded at GBX 119.29 ($1.51), with a volume of 2233027 shares trading hands. The stock had previously closed at GBX 122 ($1.55).

HICL Infrastructure Price Performance

The stock’s 50 day simple moving average is GBX 127 and its two-hundred day simple moving average is GBX 125.90. The stock has a market capitalization of £2.45 billion, a PE ratio of 6,200.00 and a beta of 0.30.

HICL Infrastructure Announces Dividend

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

Insiders Place Their Bets

In other HICL Infrastructure news, insider Rita Akushie acquired 1,195 shares of the company’s stock in a transaction on Friday, August 30th. The shares were acquired at an average cost of GBX 127 ($1.61) per share, with a total value of £1,517.65 ($1,925.95). Company insiders own 0.20% of the company’s stock.

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.