Caribbean Utilities (TSE:CUP.U) Trading Up 0.6%

Caribbean Utilities Company Ltd (TSE:CUP.U)’s share price was up 0.6% during trading on Wednesday . The company traded as high as C$13.99 and last traded at C$13.99. Approximately 2,285 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 3,681 shares. The stock had previously closed at C$13.91.

Analysts Set New Price Targets

Separately, TD Securities boosted their target price on shares of Caribbean Utilities from C$13.00 to C$14.00 and gave the stock a “hold” rating in a research report on Tuesday, May 14th.

Caribbean Utilities Stock Performance

The company has a quick ratio of 0.27, a current ratio of 0.51 and a debt-to-equity ratio of 123.43. The company has a market capitalization of C$533.26 million, a price-to-earnings ratio of 13.64, a PEG ratio of 3.00 and a beta of 0.45. The stock has a fifty day moving average price of C$13.95 and a two-hundred day moving average price of C$12.75.

Caribbean Utilities Company Profile

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.