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

HICL Infrastructure PLC (LON:HICL)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 121.62 ($1.54) and traded as low as GBX 110.40 ($1.39). HICL Infrastructure shares last traded at GBX 110.60 ($1.40), with a volume of 3,649,037 shares traded.

HICL Infrastructure Trading Down 1.1 %

The firm’s 50 day moving average is GBX 113.98 and its two-hundred day moving average is GBX 121.62. The stock has a market cap of £2.20 billion, a price-to-earnings ratio of 21.70 and a beta of 0.30.

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

Insider Activity at HICL Infrastructure

In related news, insider Rita Akushie acquired 10,018 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of GBX 115 ($1.45) per share, with a total value of £11,520.70 ($14,555.53). Also, insider Michael Bane acquired 45,000 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were bought at an average cost of GBX 115 ($1.45) per share, with a total value of £51,750 ($65,382.19). 0.20% of the stock is currently owned by corporate 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.