Clarke (TSE:CKI) Share Price Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• Shares fell below its 200‑day moving average — Clarke traded as low as C$21.00 and last at C$21.90, under the 200‑day MA of C$23.77 on a volume of 2,200 shares, signaling a technical bearish move.
• The company shows strained liquidity and high leverage with a current ratio of 0.06, quick ratio of 0.11 and debt‑to‑equity of 99.63, while market cap is C$298.94M and P/E is 23.05.
• An insider sale occurred (Brosseau sold 3,300 shares at C$21.00), but insiders still retain a controlling stake of 76.18% ownership.

Shares of Clarke Inc. (TSE:CKI - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$23.77 and traded as low as C$21.00. Clarke shares last traded at C$21.90, with a volume of 2,200 shares changing hands.

Clarke Price Performance

The firm has a market capitalization of C$298.94 million, a price-to-earnings ratio of 23.05 and a beta of 0.08. The company's 50 day moving average is C$21.54 and its 200-day moving average is C$23.77. The company has a current ratio of 0.06, a quick ratio of 0.11 and a debt-to-equity ratio of 99.63.

Clarke (TSE:CKI - Get Free Report) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported C($0.02) earnings per share for the quarter. The business had revenue of C$18.83 million for the quarter. Clarke had a return on equity of 4.61% and a net margin of 17.21%.

Insider Activity at Clarke

In related news, insider Brosseau &Amp; Associates Inc. Letko sold 3,300 shares of the business's stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of C$21.00, for a total transaction of C$69,300.00. Following the transaction, the insider directly owned 1,580,719 shares of the company's stock, valued at approximately 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.

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