Clarkson (LON:CKN) Stock Price Down 0.6%

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Shares of Clarkson PLC (LON:CKN) fell 0.6% during mid-day trading on Monday . The stock traded as low as GBX 2,405 ($31.43) and last traded at GBX 2,410 ($31.49). 5,597 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 31,886 shares. The stock had previously closed at GBX 2,425 ($31.69).

Several brokerages have recently issued reports on CKN. JPMorgan Chase & Co. upgraded shares of Clarkson to an “overweight” rating in a research report on Wednesday, May 1st. Liberum Capital reiterated a “buy” rating on shares of Clarkson in a research report on Monday, March 11th.

The firm’s 50-day moving average price is GBX 2,410.90. The company has a market cap of $737.07 million and a price-to-earnings ratio of 24.75.

In other Clarkson news, insider Peter Backhouse purchased 1,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were purchased at an average cost of GBX 2,300 ($30.05) per share, with a total value of £23,000 ($30,053.57). Also, insider Andi Case sold 15,233 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of GBX 2,390 ($31.23), for a total transaction of £364,068.70 ($475,720.24).

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About Clarkson (LON:CKN)

Clarkson PLC provides integrated shipping services worldwide. It operates through four segments: Broking, Financial, Support, and Research. The Broking segment includes services provided to ship owners 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 arranges principal-to-principal cash-settled contracts for differences based upon standardized freight contracts.

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