Caribbean Utilities (TSE:CUP.U) Sets New 1-Year High – Here’s What Happened

Caribbean Utilities Company Ltd (TSE:CUP.U – Get Free Report) hit a new 52-week high during mid-day trading on Friday. The stock traded as high as C$15.01 and last traded at C$15.01, with a volume of 3,826 shares changing hands. The stock had previously closed at C$14.50.

Caribbean Utilities Trading Up 3.5%

The company has a 50-day moving average of C$14.56 and a 200 day moving average of C$14.42. The company has a debt-to-equity ratio of 125.07, a current ratio of 0.97 and a quick ratio of 0.27. The company has a market cap of C$642.85 million, a PE ratio of 12.83, a price-to-earnings-growth ratio of 3.00 and a beta of 0.12.

About Caribbean Utilities

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Caribbean Utilities Co Ltd is a Canada based company, principally engaged in the generation, transmission, and distribution of electricity in its license area of Grand Cayman, Cayman Islands. The company also provides fibre optic infrastructure and other information and communication technology (ICT) services to the ICT industry.

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