CLP Holdings Limited (OTCMKTS:CLPHY)’s share price traded up 0.6% during mid-day trading on Monday . The stock traded as high as $10.52 and last traded at $10.46, 11,892 shares changed hands during mid-day trading. A decline of 82% from the average session volume of 66,484 shares. The stock had previously closed at $10.40.
A number of equities analysts have issued reports on CLPHY shares. Zacks Investment Research upgraded CLP from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Tuesday, August 20th. Citigroup upgraded CLP from a “sell” rating to a “neutral” rating in a report on Wednesday, August 7th. Goldman Sachs Group initiated coverage on CLP in a research report on Wednesday, June 26th. They issued a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. raised CLP from a “neutral” rating to an “overweight” rating in a research report on Wednesday, August 7th.
The stock has a market cap of $26.50 billion, a price-to-earnings ratio of 15.43 and a beta of 0.16. The company has a 50-day simple moving average of $10.37 and a two-hundred day simple moving average of $11.08. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.71 and a current ratio of 0.85.
The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were given a dividend of $0.072 per share. This represents a $0.29 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Thursday, August 29th. CLP’s dividend payout ratio (DPR) is 42.65%.
CLP Company Profile (OTCMKTS:CLPHY)
CLP Holdings Limited, an investment holding company, generates, transmits, and distributes electricity in Hong Kong, Mainland China, India, Southeast Asia, Taiwan, and Australia. The company generates electricity through coal, gas, nuclear, wind, hydro, solar, and oil sources. As of December 31, 2018, it had equity generating capacity of 19,108 megawatts (MW) and purchasing capacity of 4,597 MW.
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