CLP (OTCMKTS:CLPHY) Reaches New 52-Week High – What’s Next?

CLP Holdings Ltd. (OTCMKTS:CLPHY) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $9.33 and last traded at $9.11, with a volume of 4306 shares. The stock had previously closed at $9.18.

CLP Stock Performance

The stock has a fifty day moving average of $8.78 and a two-hundred day moving average of $8.53. The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 0.45.

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.