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Caribbean Utilities (TSE:CUP.U) Shares Pass Above Fifty Day Moving Average - Here's What Happened

Caribbean Utilities logo with Utilities background

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.
  • Five stocks to consider instead of Caribbean Utilities.

Caribbean Utilities Company Ltd (TSE:CUP.U - Get Free Report)'s stock price passed 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 Down 0.7%

The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 125.07. The stock has a 50 day simple moving average of C$13.19 and a 200-day simple moving average of C$13.25. The firm has a market cap of C$561.72 million, a P/E ratio of 11.90, a P/E/G ratio of 3.00 and a beta of 0.26.

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.

Further Reading

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