Caribbean Utilities (TSE:CUP.U) Stock Passes Above Fifty Day Moving Average of $13.31

Caribbean Utilities Company Ltd (TSE:CUP.U)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$13.31 and traded as high as C$14.00. Caribbean Utilities shares last traded at C$14.00, with a volume of 759 shares traded.

Wall Street Analyst Weigh In

Separately, TD Securities decreased their price objective on Caribbean Utilities from C$13.00 to C$12.50 and set a “hold” rating on the stock in a research note on Tuesday, February 13th.

Caribbean Utilities Price Performance

The company has a debt-to-equity ratio of 123.09, a current ratio of 0.57 and a quick ratio of 0.27. The firm’s 50 day simple moving average is C$13.31 and its two-hundred day simple moving average is C$12.01. The firm has a market capitalization of C$533.26 million, a P/E ratio of 14.00, a P/E/G ratio of 3.00 and a beta of 0.45.

Caribbean Utilities Company Profile

Caribbean Utilities Company, Ltd. engages in the electricity generation, transmission, and distribution activities in Grand Cayman, the Cayman Islands. The company generates electricity using diesel. As of December 31, 2018, it operated diesel generating units with an installed generating capacity of 161 megawatts; and 8 transformer substations with approximately 441 miles of land-based high-voltage transmission and distribution lines, and 15 miles of high-voltage submarine cable.