Caribbean Utilities (TSE:CUP.U) Stock Passes Above 50-Day Moving Average - Here's What Happened

Key Points

• Caribbean Utilities Co Ltd shares surpassed their 50-day moving average of C$13.19, trading as high as C$13.42 before closing at C$13.21.
• The company has a market capitalization of C$561.72 million and a P/E ratio of 11.90, indicating a lower valuation compared to earnings.
• Caribbean Utilities primarily operates in the generation, transmission, and distribution of electricity in the Grand Cayman area and provides ICT services.

Caribbean Utilities Company Ltd (TSE:CUP.U - Get Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$13.19 and traded as high as C$13.42. Caribbean Utilities shares last traded at C$13.21, with a volume of 900 shares.

Caribbean Utilities Trading Up 0.8%

The stock has a market cap of C$567.67 million, a P/E ratio of 12.03, a PEG ratio of 3.00 and a beta of 0.26. The business's 50 day simple moving average is C$13.20 and its 200 day simple moving average is C$13.25. The company has a debt-to-equity ratio of 125.07, a current ratio of 0.97 and a quick ratio of 0.27.

Caribbean Utilities Company Profile

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.