CLP (OTCMKTS:CLPHY) Shares Gap Up – Here’s What Happened

CLP Holdings Ltd. (OTCMKTS:CLPHY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $9.52, but opened at $9.90. CLP shares last traded at $9.57, with a volume of 6,872 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CLPHY. Zacks Research raised shares of CLP to a “hold” rating in a report on Thursday, February 26th. Citigroup cut CLP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

CLP Stock Up 0.4%

The company has a quick ratio of 0.54, a current ratio of 0.67 and a debt-to-equity ratio of 0.45. The stock’s fifty day moving average price is $9.45 and its 200-day moving average price is $8.87.

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.