Caribbean Utilities (TSE:CUP.U) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Caribbean Utilities Company Ltd (TSE:CUP.U)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.86 and traded as low as C$13.19. Caribbean Utilities shares last traded at C$13.19, with a volume of 750 shares trading hands.

Caribbean Utilities Stock Performance

The firm’s fifty day moving average price is C$13.69 and its 200-day moving average price is C$13.86. The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 125.07. The firm has a market cap of C$506.10 million, a price-to-earnings ratio of 12.93, a PEG ratio of 3.00 and a beta of 0.42.

About Caribbean Utilities

Caribbean Utilities Company, Ltd. engages in the electricity generation, transmission, and distribution activities in Grand Cayman, the Cayman Islands. The company generates electricity using diesel. As of December 31, 2018, it operated diesel generating units with an installed generating capacity of 161 megawatts; and 8 transformer substations with approximately 441 miles of land-based high-voltage transmission and distribution lines, and 15 miles of high-voltage submarine cable.