HICL Infrastructure (LON:HICL) Shares Cross 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 Monday . The stock has a 200-day moving average of GBX 126.05 ($1.64) and traded as low as GBX 125.20 ($1.63). HICL Infrastructure shares last traded at GBX 125.20 ($1.63), with a volume of 3,579,730 shares changing hands.

HICL Infrastructure Stock Performance

The firm has a market cap of £2.54 billion, a price-to-earnings ratio of 6,260.00 and a beta of 0.30. The firm’s 50 day moving average is GBX 129.17 and its 200-day moving average is GBX 126.05.

Insider Buying and Selling at HICL Infrastructure

In related news, insider Rita Akushie acquired 1,195 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were acquired at an average cost of GBX 127 ($1.65) per share, with a total value of £1,517.65 ($1,970.46). Corporate 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.