Clarke (TSE:CKI) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Clarke Inc. (TSE:CKI) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$23.41 and traded as low as C$22.99. Clarke shares last traded at C$23.00, with a volume of 4,689 shares trading hands.

Clarke Stock Performance

The company has a market capitalization of C$298.26 million, a PE ratio of 10.50 and a beta of 0.20. The stock’s fifty day simple moving average is C$23.76 and its 200-day simple moving average is C$23.41. The company has a debt-to-equity ratio of 109.01, a quick ratio of 0.11 and a current ratio of 0.05.

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

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.