Caribbean Utilities (TSE:CUP.U) Share Price Crosses Above Fifty Day Moving Average of $13.31

Caribbean Utilities Company Ltd (TSE:CUP.U) shares 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 trading hands.

Analysts Set New Price Targets

Separately, TD Securities decreased their price target on shares of Caribbean Utilities from C$13.00 to C$12.50 and set a “hold” rating for the company in a research report on Tuesday, February 13th.

Caribbean Utilities Price Performance

The company has a market cap of C$533.26 million, a PE ratio of 14.00, a PEG ratio of 3.00 and a beta of 0.45. 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 stock’s 50-day moving average is C$13.31 and its 200 day moving average is C$12.01.

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.