Caribbean Utilities (TSE:CUP.U) Stock Crosses Above 50-Day Moving Average of $13.93

Caribbean Utilities Company Ltd (TSE:CUP.U)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$13.93 and traded as high as C$13.96. Caribbean Utilities shares last traded at C$13.96, with a volume of 2,100 shares trading hands.

Analyst Upgrades and Downgrades

Separately, TD Securities raised their price objective on Caribbean Utilities from C$13.00 to C$14.00 and gave the company a “hold” rating in a report on Tuesday, May 14th.

Caribbean Utilities Trading Up 0.3 %

The company has a market capitalization of C$534.24 million, a PE ratio of 13.73, a PEG ratio of 3.00 and a beta of 0.43. The company has a fifty day simple moving average of C$13.93 and a 200-day simple moving average of C$13.36. 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 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.