CLP (OTCMKTS:CLPHY) Sets New 12-Month High – Should You Buy?

CLP Holdings Ltd. (OTCMKTS:CLPHYGet Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $9.40 and last traded at $9.40, with a volume of 3097 shares trading hands. The stock had previously closed at $9.13.

CLP Price Performance

The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 0.45. The firm’s 50 day moving average price is $8.89 and its two-hundred day moving average price is $8.58.

CLP Company Profile

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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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