Clarke (TSE:CKI) Shares Pass Above 50 Day Moving Average - Should You Sell?

Key Points

• Shares passed above the 50-day moving average, trading as high as C$26.55 versus a 50-day MA of C$23.44 (200-day MA C$22.80).
• Fundamentals show a market cap of C$344.3M and a PE of 27.95, but the company has very weak liquidity (current ratio 0.06, quick ratio 0.11) and a debt-to-equity of 99.63.
• Most recent quarter reported EPS C($0.02) on C$18.83M revenue, with a net margin of 17.21% and ROE of 4.61%; the firm operates Investment and Hospitality segments, with Hospitality generating most revenue.

Clarke Inc. (TSE:CKI - Get Free Report) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$23.44 and traded as high as C$26.55. Clarke shares last traded at C$26.55, with a volume of 200 shares trading hands.

Clarke Trading Up 0.8%

The company has a market cap of C$344.30 million, a PE ratio of 27.95 and a beta of -0.03. The company has a current ratio of 0.06, a quick ratio of 0.11 and a debt-to-equity ratio of 99.63. The stock has a 50 day moving average price of C$23.44 and a 200 day moving average price of C$22.80.

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%.

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.

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