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CLP (OTCMKTS:CLPHY) Shares Gap Up - Still a Buy?

CLP logo with Utilities background

Shares of CLP Holdings Ltd. (OTCMKTS:CLPHY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $8.35, but opened at $8.77. CLP shares last traded at $8.64, with a volume of 3,404 shares.

CLP Stock Performance

The business has a 50 day simple moving average of $8.47 and a two-hundred day simple moving average of $8.29. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.60 and a quick ratio of 0.48.

CLP Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, June 23rd. Investors of record on Wednesday, June 4th were paid a $0.0726 dividend. This represents a 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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