Shares of CLP Holdings Ltd. (OTCMKTS:CLPHY – Get Free Report) gapped up prior to trading on Monday. The stock had previously closed at $9.66, but opened at $10.04. CLP shares last traded at $9.83, with a volume of 9,644 shares changing hands.
CLP Price Performance
The company’s 50 day moving average is $9.92 and its 200-day moving average is $9.78. The company has a quick ratio of 0.55, a current ratio of 0.66 and a debt-to-equity ratio of 0.43.
About CLP
CLP Holdings Limited is an investor-owned utility headquartered in Hong Kong. Founded in 1901 as China Light and Power Company, the group has grown into an international energy business focused on electricity generation, transmission, distribution and retail supply.
Through CLP Power Hong Kong, the company supplies electricity to customers across Hong Kong and operates the territory’s electricity transmission and distribution network. Its generation portfolio includes gas-fired, nuclear, renewable and other power assets, supporting the region’s electricity needs while the company works to reduce the carbon intensity of its operations.
CLP also operates energy businesses in Australia, mainland China, India, Taiwan and other Asia-Pacific markets.
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