CLP Holdings Ltd. (OTCMKTS:CLPHY – Get Free Report) saw an uptick in trading volume on Tuesday. Approximately 797,309 shares traded hands during trading, an increase of 940% from the average daily volume of 76,629 shares. The stock last traded at $9.77 and had previously closed at $9.83.
CLP Trading Down 0.6%
The company has a 50 day moving average of $9.92 and a two-hundred day moving average of $9.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.55 and a current ratio of 0.66.
CLP Company Profile
CLP Holdings Limited is an investor-owned utility headquartered in Hong Kong. Founded in 1901 as China Light and Power Company, the group has grown into an international energy business focused on electricity generation, transmission, distribution and retail supply.
Through CLP Power Hong Kong, the company supplies electricity to customers across Hong Kong and operates the territory’s electricity transmission and distribution network. Its generation portfolio includes gas-fired, nuclear, renewable and other power assets, supporting the region’s electricity needs while the company works to reduce the carbon intensity of its operations.
CLP also operates energy businesses in Australia, mainland China, India, Taiwan and other Asia-Pacific markets.
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