Clarke (TSE:CKI) Share Price Crosses Above 50-Day Moving Average – Here’s Why

Clarke Inc. (TSE:CKI)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$21.48 and traded as high as C$22.23. Clarke shares last traded at C$22.04, with a volume of 3,100 shares.

Clarke Stock Performance

The company’s fifty day moving average price is C$21.48 and its 200 day moving average price is C$24.95. The firm has a market capitalization of C$300.85 million, a price-to-earnings ratio of 8.78 and a beta of -0.06.

Insider Transactions at Clarke

In related news, insider Brosseau &Amp; Associates Inc. Letko sold 3,300 shares of the company’s stock in a transaction 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 completion of the transaction, the insider directly owned 1,580,719 shares in the company, valued at C$33,195,099. This represents a 0.21% decrease in their position. 76.18% of the stock is owned by corporate 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.