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Caribbean Utilities (TSE:CUP.U) Share Price Crosses Below 200-Day Moving Average - Here's Why

Caribbean Utilities logo with Utilities background

Key Points

  • Caribbean Utilities' stock crossed below its 200-day moving average of C$13.25, closing at C$13.35 with trading volume of only 502 shares.
  • The company has a market cap of C$567.67 million and a low beta of 0.24, indicating low volatility compared to the market.
  • Caribbean Utilities is primarily involved in the generation, transmission, and distribution of electricity in the Cayman Islands, as well as providing ICT services.
  • Interested in Caribbean Utilities? Here are five stocks we like better.

Caribbean Utilities Company Ltd (TSE:CUP.U - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.25 and traded as low as C$13.21. Caribbean Utilities shares last traded at C$13.35, with a volume of 502 shares traded.

Caribbean Utilities Stock Performance

The stock has a market capitalization of C$567.67 million, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 3.00 and a beta of 0.26. The company has a quick ratio of 0.27, a current ratio of 0.97 and a debt-to-equity ratio of 125.07. The stock's 50-day simple moving average is C$13.19 and its 200 day simple moving average is C$13.25.

About Caribbean Utilities

(Get Free Report)

Caribbean Utilities Co Ltd is a Canada based company, principally engaged in the generation, transmission, and distribution of electricity in its license area of Grand Cayman, Cayman Islands. The company also provides fibre optic infrastructure and other information and communication technology (ICT) services to the ICT industry.

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