Clarke (TSE:CKI) Shares Pass Above Fifty Day Moving Average - Here's What Happened

Key Points

• Shares crossed above its fifty day moving average, trading as high as C$22.77 and last at C$22.35, while the 200‑day moving average remains C$23.47.
• Clarke reported quarterly EPS of C($0.02) on C$18.83 million of revenue and has a market cap of C$305.08 million with a reported P/E of 23.53.
• Insiders own 76.18% of the stock, and Brosseau & Letko sold 3,300 shares on Dec. 30, slightly reducing their stake.

Shares of Clarke Inc. (TSE:CKI - Get Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$21.64 and traded as high as C$22.77. Clarke shares last traded at C$22.35, with a volume of 1,700 shares traded.

Clarke Stock Up 0.7%

The business's 50 day moving average is C$21.64 and its 200-day moving average is C$23.47. The stock has a market cap of C$305.08 million, a price-to-earnings ratio of 23.53 and a beta of 0.08. The company has a debt-to-equity ratio of 99.63, a quick ratio of 0.11 and a current ratio of 0.06.

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

Insider Activity at Clarke

In other news, insider Brosseau &Amp; Associates Inc. Letko sold 3,300 shares of the business's stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of C$21.00, for a total transaction of C$69,300.00. Following the completion of the sale, the insider owned 1,580,719 shares of the company's stock, valued at C$33,195,099. The trade was a 0.21% decrease in their ownership of the stock. 76.18% of the stock is owned by corporate insiders.

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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