Caribbean Utilities (TSE:CUP.U) Shares Pass Above Fifty Day Moving Average – Here’s Why

Caribbean Utilities Company Ltd (TSE:CUP.U) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$13.49 and traded as high as C$14.01. Caribbean Utilities shares last traded at C$14.01, with a volume of 2,731 shares changing hands.

Caribbean Utilities Stock Up 0.8%

The company’s 50-day moving average is C$13.49 and its 200 day moving average is C$13.42. The stock has a market capitalization of C$597.86 million, a PE ratio of 12.74, a price-to-earnings-growth ratio of 3.00 and a beta of 0.21. The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 125.07.

About Caribbean Utilities

Caribbean Utilities Co Ltd is a Canada based company, principally engaged in the generation, transmission, and distribution of electricity in its license area of Grand Cayman, Cayman Islands. The company also provides fibre optic infrastructure and other information and communication technology (ICT) services to the ICT industry.