CLP (OTCMKTS:CLPHY) Sets New 1-Year High – What’s Next?

CLP Holdings Ltd. (OTCMKTS:CLPHY)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $9.40 and last traded at $9.40, with a volume of 3097 shares changing hands. The stock had previously closed at $9.13.

CLP Trading Up 1.9%

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 company’s 50 day moving average is $8.89 and its 200 day moving average is $8.58.

About CLP

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.