Clarke (TSE:CKI) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Clarke Inc. (TSE:CKI) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$23.59 and traded as low as C$23.36. Clarke shares last traded at C$23.50, with a volume of 11,064 shares.

Clarke Trading Up 1.3%

The company has a current ratio of 0.05, a quick ratio of 0.11 and a debt-to-equity ratio of 109.01. The company has a market cap of C$304.75 million, a price-to-earnings ratio of 10.73 and a beta of 0.19. The firm’s 50-day moving average price is C$22.99 and its 200 day moving average price is C$23.59.

Clarke (TSE:CKI) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$3.68 earnings per share for the quarter. Clarke had a return on equity of 10.41% and a net margin of 37.21%.The business had revenue of C$37.39 million for the quarter.

About Clarke

Clarke Inc is an investment holding company that invests in a diversified group of businesses, operating primarily in Canada. It operates in two segments namely, Investment and Hospitality. The Investment segment includes investments in a diversified group of businesses, operating primarily in Canada. The Hospitality segment includes the ownership and operation of hotels and the provision of hotel management services to third parties by Holloway. The maximum revenue for the company is generated from the Hospitality Segment.