CLP (OTCMKTS:CLPHY) Trading 0.6% Higher - Still a Buy?

Key Points

• CLP Holdings Ltd. (OTCMKTS:CLPHY) shares increased by 0.6% to $8.70, despite experiencing a 44% decline in trading volume compared to the average.
• The company has a debt-to-equity ratio of 0.45 and reported a recent dividend yield of 435.0%, showcasing its financial strategies.
• CLP operates in the electricity sector across multiple regions, including Hong Kong, Mainland China, and Australia, utilizing a mix of coal, gas, nuclear, and renewable resources.

CLP Holdings Ltd. (OTCMKTS:CLPHY - )'s share price traded up 0.6% on Tuesday . The stock traded as high as $8.70 and last traded at $8.70. 31,521 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 55,902 shares. The stock had previously closed at $8.65.

CLP Price Performance

The company has a debt-to-equity ratio of 0.45, a current ratio of 0.60 and a quick ratio of 0.48. The company's fifty day moving average is $8.43 and its two-hundred day moving average is $8.34.

CLP Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, June 23rd. Shareholders of record on Wednesday, June 4th were given a $0.0726 dividend. This represents a yield of 435.0%. The ex-dividend date of this dividend was Tuesday, June 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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