HICL Infrastructure (LON:HICL) Share Price Crosses Below 200 Day Moving Average – What’s Next?

HICL Infrastructure PLC (LON:HICL)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 126.01 ($1.63) and traded as low as GBX 122.28 ($1.59). HICL Infrastructure shares last traded at GBX 123.60 ($1.60), with a volume of 4,444,457 shares.

HICL Infrastructure Stock Performance

The business has a 50 day simple moving average of GBX 128.72 and a two-hundred day simple moving average of GBX 126.01. The firm has a market capitalization of £2.50 billion, a P/E ratio of 6,180.00 and a beta of 0.30.

Insider Buying and Selling at HICL Infrastructure

In other news, insider Rita Akushie bought 1,195 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was bought at an average price of GBX 127 ($1.65) per share, for a total transaction of £1,517.65 ($1,968.16). Company insiders own 0.20% 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.