Shares of HICL Infrastructure PLC (LON:HICL – Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 126.84 ($1.61) and traded as low as GBX 123.60 ($1.57). HICL Infrastructure shares last traded at GBX 124 ($1.58), with a volume of 6,370,272 shares.
HICL Infrastructure Price Performance
The firm has a market capitalization of £2.52 billion, a P/E ratio of 1,240.00 and a beta of 0.28. The stock has a fifty day simple moving average of GBX 123.61 and a two-hundred day simple moving average of GBX 126.84.
HICL Infrastructure Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 23rd will be issued a GBX 2.07 ($0.03) dividend. This is an increase from HICL Infrastructure’s previous dividend of $2.06. This represents a yield of 1.65%. The ex-dividend date is Thursday, May 23rd. HICL Infrastructure’s payout ratio is presently 8,000.00%.
Insiders Place Their Bets
In other HICL Infrastructure news, insider Michael Bane bought 24,100 shares of the stock in a transaction on Monday, March 25th. The stock was acquired at an average cost of GBX 125 ($1.59) per share, for a total transaction of £30,125 ($38,278.27). 0.18% 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.
Further Reading
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