HICL Infrastructure (LON:HICL) Hits New 52-Week Low – Time to Sell?

HICL Infrastructure PLC (LON:HICL) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 117.80 ($1.49) and last traded at GBX 119 ($1.51), with a volume of 26368289 shares traded. The stock had previously closed at GBX 117.80 ($1.49).

HICL Infrastructure Stock Performance

The business’s fifty day moving average is GBX 125.95 and its 200-day moving average is GBX 125.75. The firm has a market cap of £2.40 billion, a P/E ratio of 5,997.50 and a beta of 0.30.

HICL Infrastructure Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be issued 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 news, insider Rita Akushie bought 1,195 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was acquired at an average price of GBX 127 ($1.61) per share, with a total value of £1,517.65 ($1,924.00). Company insiders own 0.20% of the company’s stock.

HICL Infrastructure Company Profile

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.