CLP (OTCMKTS:CLPHY) Shares Gap Up – Time to Buy?

CLP Holdings Ltd. (OTCMKTS:CLPHY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $9.5780, but opened at $10.08. CLP shares last traded at $9.6950, with a volume of 3,660 shares.

CLP Stock Up 0.9%

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 business’s 50 day simple moving average is $9.14 and its 200-day simple moving average is $8.73.

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.