Clarke (TSE:CKI) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Clarke Inc. (TSE:CKI) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$23.53 and traded as low as C$23.30. Clarke shares last traded at C$23.30, with a volume of 801 shares trading hands.

Clarke Price Performance

The company has a 50 day moving average of C$23.28 and a 200 day moving average of C$23.53. The company has a current ratio of 0.05, a quick ratio of 0.11 and a debt-to-equity ratio of 109.01. The firm has a market cap of C$302.15 million, a price-to-earnings ratio of 10.64 and a beta of 0.19.

Clarke (TSE:CKI) last posted its earnings results on Monday, May 11th. The company reported C$1.07 earnings per share (EPS) for the quarter. The firm 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%.

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.