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

Key Points

• Caribbean Utilities Company Ltd shares have fallen below their fifty-day moving average of C$13.47, trading at a low of C$13.26.
• The company's debt-to-equity ratio stands at a high 125.07, indicating significant leverage, while its market capitalization is C$563.84 million.
• Caribbean Utilities is primarily involved in the generation, transmission, and distribution of electricity in Grand Cayman, Cayman Islands, and also offers ICT services.

Shares of Caribbean Utilities Company Ltd (TSE:CUP.U - ) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$13.47 and traded as low as C$13.26. Caribbean Utilities shares last traded at C$13.26, with a volume of 400 shares changing hands.

Caribbean Utilities Stock Performance

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 firm has a market capitalization of C$563.84 million, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 3.00 and a beta of 0.31. The company has a 50-day moving average of C$13.47 and a 200-day moving average of C$13.30.

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.

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