CLP (OTCMKTS:CLPHY) Sees Strong Trading Volume – Should You Buy?
by Renee Jackson · The Cerbat GemShares of CLP Holdings Ltd. (OTCMKTS:CLPHY – Get Free Report) saw an uptick in trading volume on Monday . 100,653 shares were traded during mid-day trading, an increase of 9% from the previous session’s volume of 91,976 shares.The stock last traded at $9.06 and had previously closed at $9.18.
CLP Price Performance
The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.54 and a current ratio of 0.67. The business’s 50 day simple moving average is $8.80 and its two-hundred day simple moving average is $8.54.
CLP Company Profile
CLP Holdings Limited (OTCMKTS: CLPHY) is an investor‑owned electric utility headquartered in Hong Kong. The company’s core activities include the generation, transmission and distribution of electricity as well as the retailing of energy to residential, commercial and industrial customers. CLP’s generation portfolio is diversified across conventional and low‑carbon technologies, and the company supplements its core utility operations with energy services such as demand management, distributed energy solutions and infrastructure development.
Founded in the early 20th century as China Light & Power, CLP has developed into one of the region’s long‑standing power companies and conducts operations and investments across the Asia‑Pacific region.