Clarkson (LON:CKN) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Clarkson PLC (LON:CKN)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,552.08 and traded as high as GBX 3,835. Clarkson shares last traded at GBX 3,815, with a volume of 7,465 shares.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 4,250 price objective on shares of Clarkson in a research report on Wednesday, November 5th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 4,025.

Clarkson Stock Down 0.3%

The company has a debt-to-equity ratio of 8.45, a quick ratio of 1.69 and a current ratio of 1.79. The stock has a market cap of £1.18 billion, a PE ratio of 15.65 and a beta of 1.12. The company’s 50-day moving average price is GBX 3,690.12 and its 200 day moving average price is GBX 3,552.08.

Insider Buying and Selling

In related news, insider Constantin Cotzias bought 742 shares of the stock in a transaction that occurred on Friday, October 17th. The shares were bought at an average cost of GBX 3,485 per share, for a total transaction of £25,858.70. Corporate insiders own 5.57% of the company’s stock.

About Clarkson

Clarkson PLC provides integrated shipping services worldwide. The company's Broking segment offers services to shipowners and charterers in the transportation of various cargoes by sea; and to buyers and sellers/yards related to sale and purchase transactions, as well as futures broking operation. Its Financial segment provides investment banking services for maritime, oil services, and natural resources sectors; structured asset finance services and projects in the shipping, offshore, and real estate sectors; and project finance and bespoke asset finance solutions.