CLP (OTCMKTS:CLPHY) Reaches New 12-Month High – Here’s Why

Shares of CLP Holdings Ltd. (OTCMKTS:CLPHY) reached a new 52-week high during trading on Tuesday . The company traded as high as $10.1480 and last traded at $10.04, with a volume of 1990 shares trading hands. The stock had previously closed at $9.86.

CLP Stock Down 3.7%

The firm’s 50-day moving average price is $9.42 and its 200 day moving average price is $8.85. The company has a quick ratio of 0.54, a current ratio of 0.67 and a debt-to-equity ratio of 0.45.

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.