Clarke (TSE:CKI) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Clarke Inc. (TSE:CKI)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$24.46 and traded as high as C$27.62. Clarke shares last traded at C$27.00, with a volume of 400 shares.

Clarke Stock Down 2.8%

The firm has a 50-day moving average of C$24.46 and a 200 day moving average of C$22.94. The stock has a market capitalization of C$350.14 million, a price-to-earnings ratio of 12.33 and a beta of -0.03. The company has a current ratio of 0.05, a quick ratio of 0.11 and a debt-to-equity ratio of 109.01.

Clarke (TSE:CKI) last released its quarterly earnings results on Monday, May 11th. The company reported C$1.07 EPS for the quarter. The firm had revenue of C$18.76 million for the quarter. Clarke had a return on equity of 10.41% and a net margin of 37.21%.

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.