Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL)’s stock price passed 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 traded.

Ecofin Global Utilities and Infrastructure Trust Stock Down 0.3 %

The stock has a market capitalization of £210.62 million, a P/E ratio of -1,055.56 and a beta of 0.53. The company has a debt-to-equity ratio of 9.44, a current ratio of 0.35 and a quick ratio of 0.04. The stock has a fifty day moving average price of GBX 191.65 and a 200 day moving average price of GBX 184.49.

Ecofin Global Utilities and Infrastructure Trust Announces Dividend

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

Insider Buying and Selling

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

About Ecofin Global Utilities and Infrastructure Trust

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.