CLP (OTCMKTS:CLPHY) Sees Unusually-High Trading Volume – Should You Buy?

CLP Holdings Ltd. (OTCMKTS:CLPHY) saw unusually-strong trading volume on Monday . Approximately 100,653 shares traded hands during mid-day trading, an increase of 9% from the previous session’s volume of 91,976 shares.The stock last traded at $9.06 and had previously closed at $9.18.

CLP Price Performance

The firm has a fifty day moving average price of $8.78 and a 200-day moving average price of $8.53. The company has a quick ratio of 0.54, a current ratio of 0.67 and a debt-to-equity ratio of 0.45.

CLP Company Profile

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.