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CLP (OTCMKTS:CLPHY) Shares Gap Down - Should You Sell?

CLP logo with Utilities background

CLP Holdings Ltd. (OTCMKTS:CLPHY - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $8.28, but opened at $8.01. CLP shares last traded at $8.33, with a volume of 2,919 shares changing hands.

CLP Trading Up 1.3%

The company has a 50-day moving average price of $8.45 and a two-hundred day moving average price of $8.30. The company has a current ratio of 0.60, a quick ratio of 0.48 and a debt-to-equity ratio of 0.45.

CLP Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 23rd. Investors of record on Wednesday, June 4th were given a $0.0726 dividend. This represents a dividend yield of 4.35%. The ex-dividend date was Tuesday, June 3rd.

About CLP

(Get Free Report)

CLP Holdings Limited, an investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, Mainland China, India Thailand, Taiwan, and Australia. The company generates electricity through coal, gas, nuclear, and renewable resources, such as wind, hydro, and solar.

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