Caribbean Utilities Company Ltd (TSE:CUP.U – Get Free Report)’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.
Read Our Latest Analysis on Caribbean Utilities
Caribbean Utilities Trading Up 0.3 %
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.
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