Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Stock Price Down 0.6% – What’s Next?

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL) dropped 0.6% during mid-day trading on Tuesday . The stock traded as low as GBX 174.52 ($2.22) and last traded at GBX 175 ($2.22). Approximately 505,389 shares changed hands during trading, an increase of 79% from the average daily volume of 282,266 shares. The stock had previously closed at GBX 176 ($2.24).

Ecofin Global Utilities and Infrastructure Trust Stock Down 0.6 %

The stock has a 50 day moving average price of GBX 191.15 and a 200-day moving average price of GBX 186.49. The company has a debt-to-equity ratio of 9.44, a current ratio of 0.35 and a quick ratio of 0.04. The stock has a market capitalization of £193.99 million, a P/E ratio of -972.22 and a beta of 0.53.

Ecofin Global Utilities and Infrastructure Trust Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, October 31st were issued a GBX 2.05 ($0.03) dividend. This represents a dividend yield of 1.04%. The ex-dividend date was Thursday, October 31st. Ecofin Global Utilities and Infrastructure Trust’s dividend payout ratio is -4,444.44%.

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.