Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Shares Up 0.5% – Here’s Why

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL)’s share price rose 0.5% during trading on Monday . The company traded as high as GBX 183 ($2.24) and last traded at GBX 180.50 ($2.21). Approximately 534,424 shares were traded during mid-day trading, an increase of 80% from the average daily volume of 296,971 shares. The stock had previously closed at GBX 179.59 ($2.20).

Ecofin Global Utilities and Infrastructure Trust Trading Up 0.5 %

The company has a quick ratio of 0.04, a current ratio of 0.35 and a debt-to-equity ratio of 9.44. The company has a market capitalization of £200.08 million, a P/E ratio of -1,002.78 and a beta of 0.53. The business has a fifty day moving average price of GBX 185.64 and a 200 day moving average price of GBX 186.55.

Ecofin Global Utilities and Infrastructure Trust Dividend Announcement

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

Insider Transactions at Ecofin Global Utilities and Infrastructure Trust

In related news, insider David Simpson sold 27,766 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of GBX 176 ($2.15), for a total transaction of £48,868.16 ($59,799.51). Company insiders own 0.75% of the company’s stock.

Ecofin Global Utilities and Infrastructure Trust Company Profile

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.