Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Trading Down 0.6% – Here’s Why

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL) shares were down 0.6% during mid-day trading on Tuesday . The company traded as low as GBX 174.52 ($2.22) and last traded at GBX 175 ($2.22). Approximately 505,389 shares were traded during trading, an increase of 79% from the average daily volume of 282,266 shares. The stock had previously closed at GBX 176 ($2.24).

Ecofin Global Utilities and Infrastructure Trust Trading Down 0.6 %

The firm has a 50 day simple moving average of GBX 191.15 and a 200 day simple moving average of GBX 186.49. The firm has a market cap of £193.99 million, a P/E ratio of -972.22 and a beta of 0.53. The company has a debt-to-equity ratio of 9.44, a quick ratio of 0.04 and a current ratio of 0.35.

Ecofin Global Utilities and Infrastructure Trust Announces Dividend

The company also recently declared a dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, October 31st were issued a GBX 2.05 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a dividend yield of 1.04%. Ecofin Global Utilities and Infrastructure Trust’s payout ratio is currently -4,444.44%.

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.