CLP (OTCMKTS:CLPHY) Shares Gap Down – Should You Sell?

CLP Holdings Ltd. (OTCMKTS:CLPHY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $9.42, but opened at $9.06. CLP shares last traded at $9.48, with a volume of 9,990 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Citigroup downgraded CLP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Zacks Research raised shares of CLP to a “hold” rating in a research note on Thursday, February 26th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

CLP Trading Up 0.6%

The stock has a 50-day moving average of $9.59 and a 200 day moving average of $9.03. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.48 and a current ratio of 0.59.

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.