Clarke (TSE:CKI) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Clarke Inc. (TSE:CKI)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$23.77 and traded as low as C$21.00. Clarke shares last traded at C$21.90, with a volume of 2,200 shares changing hands.

Clarke Price Performance

The business’s 50 day moving average price is C$21.55 and its 200-day moving average price is C$23.72. The company has a quick ratio of 0.11, a current ratio of 0.06 and a debt-to-equity ratio of 99.63. The company has a market cap of C$295.66 million, a PE ratio of 22.80 and a beta of 0.08.

Clarke (TSE:CKI) last announced its earnings results on Tuesday, March 3rd. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$18.83 million during the quarter. Clarke had a net margin of 17.21% and a return on equity of 4.61%.

Insider Buying and Selling

In other Clarke news, insider Brosseau &Amp; Associates Inc. Letko sold 3,300 shares of the company’s stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of C$21.00, for a total value of C$69,300.00. Following the completion of the transaction, the insider directly owned 1,580,719 shares of the company’s stock, valued at C$33,195,099. This represents a 0.21% decrease in their position. 76.18% of the stock is owned by corporate insiders.

Clarke Company Profile

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.