Caribbean Utilities (TSE:CUP.U) Shares Pass Below 50 Day Moving Average of $13.79

Shares of Caribbean Utilities Company Ltd (TSE:CUP.U – Get Rating) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$13.79 and traded as low as C$13.51. Caribbean Utilities shares last traded at C$13.51, with a volume of 191 shares trading hands.

Wall Street Analyst Weigh In

Separately, TD Securities lowered their target price on shares of Caribbean Utilities from C$15.50 to C$15.00 and set a “hold” rating on the stock in a research note on Friday, May 5th.

Caribbean Utilities Stock Performance

The company has a market cap of C$509.87 million, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 3.00 and a beta of 0.57. The company has a current ratio of 0.92, a quick ratio of 0.27 and a debt-to-equity ratio of 121.55. The company’s fifty day moving average is C$13.79 and its 200 day moving average is C$13.91.

Caribbean Utilities Company Profile

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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.