CLP (OTCMKTS:CLPHY) Stock Price Up 0.8% - Should You Buy?

Key Points

• CLP Holdings Ltd. (OTCMKTS:CLPHY) shares increased by 0.8%, trading at $8.32, although the trading volume decreased by 9% compared to its average.
• The company recently cut its dividend, declaring a payment of $0.0723 per share with a significant yield of 438.0%.
• CLP operates in the electricity sector across several countries, generating power through various sources including coal, gas, nuclear, and renewable energy.

CLP Holdings Ltd. (OTCMKTS:CLPHY - ) shares rose 0.8% during mid-day trading on Tuesday . The stock traded as high as $8.32 and last traded at $8.32. Approximately 51,445 shares traded hands during trading, a decline of 9% from the average daily volume of 56,524 shares. The stock had previously closed at $8.25.

CLP Stock Performance

The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.48 and a current ratio of 0.60. The company's 50-day moving average price is $8.42 and its 200-day moving average price is $8.37.

CLP Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, September 22nd. Stockholders of record on Thursday, September 4th were given a dividend of $0.0723 per share. This represents a dividend yield of 438.0%. The ex-dividend date of this dividend was Wednesday, September 3rd.

About CLP

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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