Caribbean Utilities (TSE:CUP.U) Stock Crosses Below 200 Day Moving Average – What’s Next?

Shares of Caribbean Utilities Company Ltd (TSE:CUP.U) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$13.94 and traded as low as C$13.86. Caribbean Utilities shares last traded at C$13.90, with a volume of 4,712 shares trading hands.

Caribbean Utilities Stock Down 0.6 %

The firm’s 50 day moving average is C$13.92 and its 200-day moving average is C$13.94. The firm has a market cap of C$533.34 million, a PE ratio of 13.63, a P/E/G ratio of 3.00 and a beta of 0.42. The company has a quick ratio of 0.27, a current ratio of 0.97 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.