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

Caribbean Utilities logo with Utilities background

Shares of Caribbean Utilities Company Ltd (TSE:CUP.U - Get Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$13.29 and traded as low as C$12.82. Caribbean Utilities shares last traded at C$12.82, with a volume of 3,930 shares trading hands.

Caribbean Utilities Stock Performance

The business has a 50-day moving average of C$13.29 and a two-hundred day moving average of C$13.40. The company has a market cap of C$488.45 million, a P/E ratio of 12.48, a P/E/G ratio of 3.00 and a beta of 0.42. The company has a debt-to-equity ratio of 125.07, a current ratio of 0.97 and a quick ratio of 0.27.

About Caribbean Utilities

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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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