HICL Infrastructure (LON:HICL) Share Price Passes Below Two Hundred Day Moving Average of $164.34

Shares of HICL Infrastructure PLC (LON:HICL – Get Rating) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 164.34 ($2.00) and traded as low as GBX 154.40 ($1.88). HICL Infrastructure shares last traded at GBX 155.20 ($1.89), with a volume of 3,947,081 shares.

HICL Infrastructure Stock Performance

The business’s 50 day moving average price is GBX 163.79 and its 200-day moving average price is GBX 164.34. The firm has a market cap of £3.15 billion, a price-to-earnings ratio of 912.94 and a beta of 0.23.

HICL Infrastructure Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, March 31st. Shareholders of record on Thursday, March 2nd will be given a GBX 2.06 ($0.03) dividend. This represents a yield of 1.3%. The ex-dividend date is Thursday, March 2nd. HICL Infrastructure’s dividend payout ratio (DPR) is 4,705.88%.

Insiders Place Their Bets

In related news, insider Liz Barber acquired 15,000 shares of the firm’s stock in a transaction dated Friday, January 6th. The stock was acquired at an average cost of GBX 168 ($2.05) per share, for a total transaction of £25,200 ($30,712.98). 0.11% of the stock is owned by insiders.

About HICL Infrastructure

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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.