Caribbean Utilities (TSE:CUP.U) Share Price Passes Above 50-Day Moving Average – Here’s Why

Caribbean Utilities Company Ltd (TSE:CUP.UGet Free Report) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$13.99 and traded as high as C$14.00. Caribbean Utilities shares last traded at C$13.99, with a volume of 1,100 shares trading hands.

Caribbean Utilities Stock Down 1.8 %

The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 125.07. The firm has a market cap of C$536.80 million, a price-to-earnings ratio of 13.72, a PEG ratio of 3.00 and a beta of 0.43. The firm’s 50 day simple moving average is C$14.00 and its two-hundred day simple moving average is C$13.89.

About Caribbean Utilities

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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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