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

Clarke Inc. (TSE:CKI) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$23.02 and traded as low as C$20.87. Clarke shares last traded at C$20.99, with a volume of 3,701 shares trading hands.

Clarke Trading Down 0.3%

The company has a 50 day simple moving average of C$22.95 and a two-hundred day simple moving average of C$26.26. The firm has a market capitalization of C$285.69 million, a P/E ratio of 8.34 and a beta of 0.10.

Clarke (TSE:CKI) last released its quarterly earnings data on Thursday, November 6th. The company reported C$1.16 earnings per share (EPS) for the quarter. Clarke had a net margin of 29.70% and a return on equity of 10.04%. The firm had revenue of C$25.24 million for the quarter.

Insider Transactions at Clarke

In other Clarke news, insider Brosseau &Amp; Associates Inc. Letko sold 3,300 shares of the business’s stock in a transaction on 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 sale, the insider owned 1,580,719 shares in the company, valued at C$33,195,099. The trade was a 0.21% decrease in their position. Corporate insiders own 76.18% of the company’s stock.

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.