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CLP (OTCMKTS:CLPHY) Shares Gap Up - Here's Why

CLP logo with Utilities background

Shares of CLP Holdings Ltd. (OTCMKTS:CLPHY - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $8.44, but opened at $8.75. CLP shares last traded at $8.52, with a volume of 1,694 shares changing hands.

CLP Stock Performance

The stock has a 50 day moving average price of $8.47 and a 200 day moving average price of $8.29. The company has a quick ratio of 0.48, a current ratio of 0.60 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. Stockholders of record on Wednesday, June 4th were given a dividend of $0.0726 per share. The ex-dividend date was Tuesday, June 3rd. This represents a dividend yield of 4.35%.

CLP Company Profile

(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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