Caribbean Utilities (TSE:CUP.U) Stock Price Crosses Above 50-Day Moving Average of $12.75

Shares of Caribbean Utilities Company Ltd (TSE:CUP.U) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$12.75 and traded as high as C$13.50. Caribbean Utilities shares last traded at C$12.94, with a volume of 6,340 shares traded.

Wall Street Analysts Forecast Growth

Separately, TD Securities cut their price target on Caribbean Utilities from C$13.00 to C$12.50 and set a “hold” rating for the company in a report on Tuesday, February 13th.

Caribbean Utilities Trading Down 5.9 %

The firm has a market capitalization of C$492.88 million, a P/E ratio of 12.94, a PEG ratio of 3.00 and a beta of 0.45. The company has a quick ratio of 0.27, a current ratio of 0.57 and a debt-to-equity ratio of 123.09. The business has a 50-day moving average price of C$12.75 and a 200-day moving average price of C$11.86.

Caribbean Utilities Company Profile

Caribbean Utilities Company, Ltd. engages in the electricity generation, transmission, and distribution activities in Grand Cayman, the Cayman Islands. The company generates electricity using diesel. As of December 31, 2018, it operated diesel generating units with an installed generating capacity of 161 megawatts; and 8 transformer substations with approximately 441 miles of land-based high-voltage transmission and distribution lines, and 15 miles of high-voltage submarine cable.