Caribbean Utilities (OTCMKTS:CUPUF) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Caribbean Utilities Company, Ltd. (OTCMKTS:CUPUF)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $13.24 and traded as high as $13.3740. Caribbean Utilities shares last traded at $13.3740, with a volume of 700 shares.

Caribbean Utilities Price Performance

The company’s 50 day moving average price is $13.24 and its two-hundred day moving average price is $13.27.

Caribbean Utilities Company Profile

Caribbean Utilities Company, Ltd. is an electric utility provider that generates, transmits, distributes and sells electricity to the island of Grand Cayman in the Cayman Islands. The company holds an exclusive licence from the Cayman Islands government to operate the island’s power system and is publicly traded on the Toronto Stock Exchange and over‐the‐counter markets under the symbol CUPUF. Its service territory encompasses all major population centres of Grand Cayman, supporting residential, commercial and industrial customers with reliable energy supply.

Established in 1964 and commencing operations in 1966, Caribbean Utilities Company has developed its generation capacity around its Cat Bay power station, which primarily relies on diesel and heavy fuel oil generators.