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Clarke (TSE:CKI) Shares Cross Above 50 Day Moving Average - Time to Sell?

Clarke logo with Consumer Cyclical background
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Key Points

  • Technical breakout: Clarke shares crossed above their 50‑day moving average (C$23.00), trading as high as C$25.51 on very light volume (102 shares).
  • Weak liquidity and high leverage: The company has very low liquidity (current ratio 0.06, quick ratio 0.11) and a high debt‑to‑equity ratio (99.63) despite a market cap of C$330.8M and a reported P/E of 26.85.
  • Mixed recent results: Last quarter showed a C($0.02) EPS on C$18.83M revenue, with a 17.21% net margin and 4.61% ROE, and most revenue comes from its Hospitality segment.
  • Five stocks to consider instead of Clarke.

Shares of Clarke Inc. (TSE:CKI - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$23.00 and traded as high as C$25.51. Clarke shares last traded at C$25.51, with a volume of 102 shares.

Clarke Price Performance

The company has a 50 day moving average price of C$23.00 and a 200 day moving average price of C$22.74. The company has a market capitalization of C$330.81 million, a price-to-earnings ratio of 26.85 and a beta of -0.06. 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 released its earnings results on Wednesday, March 4th. The company reported C($0.02) EPS for the quarter. The firm had revenue of C$18.83 million during the quarter. Clarke had a net margin of 17.21% and a return on equity of 4.61%.

Clarke Company Profile

(Get Free Report)

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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