CLP (OTCMKTS:CLPHY – Get Free Report) was upgraded by stock analysts at Zacks Research to a “hold” rating in a report released on Thursday,Zacks.com reports.
CLP Price Performance
CLP stock opened at $9.52 on Thursday. CLP has a one year low of $7.74 and a one year high of $10.22. The company has a quick ratio of 0.54, a current ratio of 0.67 and a debt-to-equity ratio of 0.45. The business has a fifty day moving average price of $9.44 and a 200-day moving average price of $8.86.
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.
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