Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Stock Crosses Below 50-Day Moving Average – Here’s Why

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 186.70 ($2.39) and traded as low as GBX 185.35 ($2.37). Ecofin Global Utilities and Infrastructure Trust shares last traded at GBX 187.50 ($2.40), with a volume of 350,914 shares changing hands.

Ecofin Global Utilities and Infrastructure Trust Price Performance

The stock’s 50-day moving average is GBX 186.70 and its two-hundred day moving average is GBX 188.45. The company has a market cap of £199.84 million, a P/E ratio of -20.81 and a beta of 0.53.

Ecofin Global Utilities and Infrastructure Trust (LON:EGL) last released its quarterly earnings results on Tuesday, December 17th. The company reported GBX 7.17 ($0.09) earnings per share (EPS) for the quarter. Ecofin Global Utilities and Infrastructure Trust had a negative return on equity of 4.40% and a net margin of 192.30%.

Ecofin Global Utilities and Infrastructure Trust Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 5th will be issued a GBX 2.13 ($0.03) dividend. This is an increase from Ecofin Global Utilities and Infrastructure Trust’s previous dividend of $2.05. The ex-dividend date is Wednesday, February 5th. This represents a dividend yield of 1.11%. Ecofin Global Utilities and Infrastructure Trust’s dividend payout ratio (DPR) is presently -89.73%.

Insider Activity at Ecofin Global Utilities and Infrastructure Trust

In other Ecofin Global Utilities and Infrastructure Trust news, insider Susannah Nicklin sold 1,307 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of GBX 190 ($2.43), for a total transaction of £2,483.30 ($3,176.79). Also, insider David Simpson sold 27,766 shares of Ecofin Global Utilities and Infrastructure Trust stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of GBX 176 ($2.25), for a total transaction of £48,868.16 ($62,515.24). 0.75% of the stock is currently 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.