Clarke (TSE:CKI) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Shares of Clarke Inc. (TSE:CKIGet Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$23.91 and traded as low as C$23.45. Clarke shares last traded at C$23.45, with a volume of 1,500 shares trading hands.

Clarke Stock Performance

The firm has a market cap of C$327.13 million, a price-to-earnings ratio of 33.50 and a beta of 1.18. The company has a quick ratio of 0.11, a current ratio of 0.32 and a debt-to-equity ratio of 65.66. The stock has a 50 day moving average of C$23.59 and a 200 day moving average of C$23.91.

Clarke (TSE:CKIGet Free Report) last issued its quarterly earnings results on Friday, November 8th. The company reported C$0.87 earnings per share for the quarter. Clarke had a net margin of 12.10% and a return on equity of 4.40%.

About Clarke

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Clarke Inc is a private equity and venture capital firm specializing in investments in middle market, turnaround, PIPEs, bridge financing, recapitalization, and buyout companies. It invests in undervalued or underperforming businesses with hard assets. It invests in companies, securities or other assets such as real estate, which can be public or private entities.

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