HICL Infrastructure (LON:HICL) Share Price Crosses Below 200 Day Moving Average of $127.69

HICL Infrastructure PLC (LON:HICL) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 127.69 ($1.62) and traded as low as GBX 124.16 ($1.57). HICL Infrastructure shares last traded at GBX 124.80 ($1.58), with a volume of 2,317,910 shares.

HICL Infrastructure Trading Down 0.3 %

The business has a fifty day simple moving average of GBX 124.56 and a 200 day simple moving average of GBX 127.69. The stock has a market capitalization of £2.53 billion, a P/E ratio of 1,248.00 and a beta of 0.28.

HICL Infrastructure Dividend Announcement

The business 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 dividend yield of 1.69%. HICL Infrastructure’s dividend payout ratio is currently 8,000.00%.

Insiders Place Their Bets

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 ($1.58) per share, with a total value of £30,125 ($38,128.09). Company insiders own 0.22% of the company’s stock.

About HICL Infrastructure

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.