Clarke (TSE:CKI) Share Price Passes Above 50-Day Moving Average – What’s Next?

Clarke Inc. (TSE:CKI)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$22.17 and traded as high as C$24.66. Clarke shares last traded at C$24.47, with a volume of 800 shares changing hands.

Clarke Stock Performance

The stock has a market capitalization of C$317.33 million, a P/E ratio of 25.76 and a beta of -0.06. The company has a quick ratio of 0.11, a current ratio of 0.06 and a debt-to-equity ratio of 99.63. The business has a fifty day moving average price of C$22.17 and a 200-day moving average price of C$22.99.

Clarke (TSE:CKI) last announced its quarterly earnings results on Wednesday, March 4th. The company reported C($0.02) earnings per share (EPS) for the quarter. The business had revenue of C$18.83 million for 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.