International Public Partnerships (LON:INPP) Stock Passes Above 50-Day Moving Average – Here’s Why

International Public Partnerships (LON:INPP)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 117.39 ($1.48) and traded as high as GBX 117.60 ($1.48). International Public Partnerships shares last traded at GBX 116.80 ($1.47), with a volume of 6,707,381 shares changing hands.

International Public Partnerships Stock Performance

The stock’s 50-day moving average price is GBX 117.39 and its 200-day moving average price is GBX 123.81. The company has a market capitalization of £2.19 billion, a price-to-earnings ratio of 50.39 and a beta of 0.31.

Insider Buying and Selling

In other International Public Partnerships news, insider John Le Poidevin acquired 86,972 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average cost of GBX 114 ($1.43) per share, with a total value of £99,148.08 ($124,761.65). 0.14% of the stock is currently owned by insiders.

International Public Partnerships Company Profile

INPP is a global infrastructure fund that invests in high-quality infrastructure projects and businesses that are sustainable over the long-term. INPP aims to provide our investors with stable, long-term, inflation-linked returns, based on growing dividends and the potential for capital appreciation.