Clarkson (LON:CKN) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Clarkson PLC (LON:CKN)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,879.96 ($48.13) and traded as high as GBX 4,435 ($55.02). Clarkson shares last traded at GBX 4,415 ($54.77), with a volume of 32,312 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 4,500 ($55.82) price target on shares of Clarkson in a research report on Tuesday, January 14th.

Clarkson Trading Down 1.2 %

The company has a market cap of £1.34 billion, a P/E ratio of 1,626.87 and a beta of 1.12. The business has a fifty day simple moving average of GBX 4,092.15 and a 200 day simple moving average of GBX 3,883.33. The company has a debt-to-equity ratio of 8.39, a quick ratio of 1.69 and a current ratio of 1.79.

About Clarkson

Clarkson PLC provides integrated shipping services worldwide. The company's Broking segment offers services to shipowners and charterers in the transportation of various cargoes by sea; and to buyers and sellers/yards related to sale and purchase transactions, as well as futures broking operation.