CLP (OTCMKTS:CLPHY) Upgraded at Zacks Research

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

CLP Price Performance

Shares of CLP stock opened at $9.52 on Thursday. The company has a 50 day moving average price of $9.44 and a 200 day moving average price of $8.86. The company has a quick ratio of 0.54, a current ratio of 0.67 and a debt-to-equity ratio of 0.45. CLP has a 52 week low of $7.74 and a 52 week high of $10.22.

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.