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

HICL Infrastructure PLC (LON:HICL) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 124.06 ($1.51) and traded as low as GBX 110.66 ($1.35). HICL Infrastructure shares last traded at GBX 111.40 ($1.36), with a volume of 7,130,739 shares trading hands.

HICL Infrastructure Price Performance

The firm has a market capitalization of £2.26 billion, a P/E ratio of 5,600.00 and a beta of 0.30. The company has a fifty day moving average of GBX 117.43 and a 200 day moving average of GBX 123.80.

HICL Infrastructure Dividend Announcement

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

Insider Activity at HICL Infrastructure

In other HICL Infrastructure news, insider Rita Akushie bought 10,018 shares of the stock in a transaction on Monday, December 23rd. The stock was acquired at an average cost of GBX 115 ($1.40) per share, for a total transaction of £11,520.70 ($14,017.16). Also, insider Michael Bane purchased 45,000 shares of the business’s stock in a transaction on Friday, December 20th. The shares were acquired at an average price of GBX 115 ($1.40) per share, for a total transaction of £51,750 ($62,963.86). 0.20% of the stock is owned by company insiders.

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.