HICL Infrastructure (LON:HICL) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

HICL Infrastructure PLC (LON:HICL) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 122.12 ($1.54) and traded as low as GBX 115.80 ($1.46). HICL Infrastructure shares last traded at GBX 116.40 ($1.47), with a volume of 2,974,326 shares traded.

HICL Infrastructure Trading Up 0.3 %

The firm has a fifty day simple moving average of GBX 114.33 and a 200-day simple moving average of GBX 122.07. The stock has a market cap of £2.33 billion, a price-to-earnings ratio of 22.91 and a beta of 0.30.

HICL Infrastructure (LON:HICL) last posted its quarterly earnings data on Wednesday, November 20th. The company reported GBX 2.20 ($0.03) earnings per share (EPS) for the quarter. HICL Infrastructure had a return on equity of 3.24% and a net margin of 96.27%. On average, equities analysts predict that HICL Infrastructure PLC will post 12.4000007 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Rita Akushie purchased 10,018 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were bought at an average price of GBX 115 ($1.45) per share, with a total value of £11,520.70 ($14,500.57). Also, insider Michael Bane purchased 45,000 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was bought at an average cost of GBX 115 ($1.45) per share, for a total transaction of £51,750 ($65,135.31). Company insiders own 0.20% of the company’s stock.

About HICL Infrastructure

HICL is a UK-listed infrastructure investment company. We invest in infrastructure for local communities and to support the delivery of essential services, working in partnership with the public and private sectors.