HICL Infrastructure (LON:HICL) Stock Price Passes Below 200 Day Moving Average of $127.96

Shares of 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 127.96 ($1.61) and traded as low as GBX 123.60 ($1.55). HICL Infrastructure shares last traded at GBX 126.20 ($1.59), with a volume of 3,308,673 shares traded.

HICL Infrastructure Stock Performance

The stock has a market cap of £2.56 billion, a P/E ratio of 1,264.00 and a beta of 0.28. The company’s 50 day moving average price is GBX 124.70 and its 200-day moving average price is GBX 127.96.

HICL Infrastructure Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were given a dividend of GBX 2.06 ($0.03) per share. The ex-dividend date was Thursday, February 29th. This represents a yield of 1.69%. HICL Infrastructure’s dividend payout ratio is presently 8,000.00%.

Insider Activity at HICL Infrastructure

In other news, insider Michael Bane purchased 24,100 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were purchased at an average price of GBX 125 ($1.57) per share, with a total value of £30,125 ($37,845.48). 0.22% of the stock is currently owned by corporate insiders.

HICL Infrastructure Company Profile

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.