Zacks Research Upgrades CLP (OTCMKTS:CLPHY) to Hold

CLP (OTCMKTS:CLPHY) was upgraded by stock analysts at Zacks Research to a “hold” rating in a report released on Thursday,Zacks.com reports.

CLP Stock Performance

OTCMKTS CLPHY traded up $0.15 during midday trading on Thursday, hitting $9.52. The company had a trading volume of 51,853 shares, compared to its average volume of 53,562. The firm has a fifty day simple moving average of $9.44 and a two-hundred day simple moving average of $8.86. CLP has a fifty-two week low of $7.74 and a fifty-two week high of $10.22. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.54 and a current ratio of 0.67.

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.