CLP (OTCMKTS:CLPHY) Shares Gap Up – Time to Buy?

CLP Holdings Ltd. (OTCMKTS:CLPHY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $9.42, but opened at $9.73. CLP shares last traded at $9.73, with a volume of 590 shares trading hands.

Wall Street Analyst Weigh In

CLPHY has been the topic of several recent analyst reports. Citigroup cut CLP from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Zacks Research upgraded CLP to a “hold” rating in a report on Thursday, February 26th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

CLP Price Performance

The company’s 50-day moving average price is $9.62 and its 200 day moving average price is $9.46. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.59 and a quick ratio of 0.48.

About CLP

CLP Holdings Limited (OTCMKTS: CLPHY) is an investor?owned electric utility headquartered in Hong Kong. The company’s core activities include the generation, transmission and distribution of electricity as well as the retailing of energy to residential, commercial and industrial customers. CLP’s generation portfolio is diversified across conventional and low?carbon technologies, and the company supplements its core utility operations with energy services such as demand management, distributed energy solutions and infrastructure development.

Founded in the early 20th century as China Light & Power, CLP has developed into one of the region’s long?standing power companies and conducts operations and investments across the Asia?Pacific region.