CLP (OTCMKTS:CLPHY) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of CLP (OTCMKTS:CLPHY) to a hold rating in a report published on Thursday,Zacks.com reports.

CLP Stock Performance

Shares of CLPHY traded up $0.15 during mid-day trading on Thursday, hitting $9.52. 51,853 shares of the company’s stock were exchanged, compared to its average volume of 53,562. CLP has a fifty-two week low of $7.74 and a fifty-two week high of $10.22. The business’s 50 day moving average is $9.44 and its two-hundred day moving average is $8.86. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.67 and a quick ratio of 0.54.

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.