Clarke (TSE:CKI) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Shares of Clarke Inc. (TSE:CKI) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$25.20 and traded as high as C$26.14. Clarke shares last traded at C$26.14, with a volume of 503 shares.

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$338.98 million, a P/E ratio of 11.94 and a beta of -0.03. The firm has a 50 day moving average price of C$25.20 and a two-hundred day moving average price of C$23.07.

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

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.