Clarke (TSE:CKI) Shares Cross Below 200 Day Moving Average – What’s Next?

Clarke Inc. (TSE:CKIGet Free Report) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$23.32 and traded as low as C$22.61. Clarke shares last traded at C$22.61, with a volume of 4,134 shares changing hands.

Clarke Price Performance

The company has a debt-to-equity ratio of 109.01, a quick ratio of 0.11 and a current ratio of 0.05. The company has a market cap of C$308.25 million, a price-to-earnings ratio of 10.85 and a beta of 0.20. The business has a fifty day moving average price of C$24.20 and a 200 day moving average price of C$23.34.

Clarke (TSE:CKIGet Free Report) last released its earnings results on Monday, May 11th. The company reported C$1.07 earnings per share (EPS) for the quarter. The firm had revenue of C$18.76 million for the quarter. Clarke had a return on equity of 10.41% and a net margin of 37.21%.

About Clarke

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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.

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