CLP (OTCMKTS:CLPHY) Shares Gap Up – What’s Next?

CLP Holdings Ltd. (OTCMKTS:CLPHY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $9.50, but opened at $9.79. CLP shares last traded at $9.5850, with a volume of 4,477 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CLPHY shares. Zacks Research raised CLP to a “hold” rating in a research note on Thursday, February 26th. Citigroup lowered shares of CLP from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, CLP presently has an average rating of “Hold”.

CLP Stock Down 0.1%

The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 0.45. The firm’s fifty day simple moving average is $9.57 and its 200 day simple moving average is $8.97.

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.