Clarke (TSE:CKI) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Clarke Inc. (TSE:CKI) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$21.95 and traded as low as C$20.20. Clarke shares last traded at C$20.45, with a volume of 11,601 shares changing hands.

Clarke Stock Performance

The company has a 50 day moving average of C$21.86 and a two-hundred day moving average of C$25.98. The stock has a market capitalization of C$300.30 million, a PE ratio of 8.76 and a beta of -0.12.

Clarke (TSE:CKI) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$1.16 earnings per share for the quarter. Clarke had a return on equity of 10.04% and a net margin of 29.70%.The business had revenue of C$25.24 million during the quarter.

Insider Buying and Selling

In related news, insider Brosseau &Amp; Associates Inc. Letko sold 3,300 shares of Clarke stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of C$21.00, for a total value of C$69,300.00. Following the completion of the sale, the insider directly owned 1,580,719 shares in the company, valued at C$33,195,099. This trade represents a 0.21% decrease in their position. 76.18% of the stock is owned by company insiders.

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.