CKX Lands (NYSEAMERICAN:CKX) Share Price Crosses Below 200-Day Moving Average – What’s Next?

CKX Lands, Inc. (NYSEAMERICAN:CKX) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.06 and traded as low as $9.85. CKX Lands shares last traded at $10.45, with a volume of 476 shares trading hands.

CKX Lands Stock Performance

The firm’s 50 day moving average is $10.59 and its 200-day moving average is $11.06. The stock has a market capitalization of $21.42 million, a price-to-earnings ratio of 45.43 and a beta of -0.21.

CKX Lands (NYSEAMERICAN:CKX) last released its quarterly earnings data on Monday, November 10th. The financial services provider reported $0.08 earnings per share for the quarter. The company had revenue of $0.23 million during the quarter. CKX Lands had a net margin of 52.90% and a return on equity of 2.54%.

Hedge Funds Weigh In On CKX Lands

A hedge fund recently raised its stake in CKX Lands stock. Susquehanna International Group LLP raised its holdings in CKX Lands, Inc. (NYSEAMERICAN:CKX) by 40.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,822 shares of the financial services provider’s stock after purchasing an additional 4,519 shares during the period. Susquehanna International Group LLP owned about 0.77% of CKX Lands worth $176,000 at the end of the most recent quarter. 16.13% of the stock is owned by institutional investors and hedge funds.

About CKX Lands

CKX Lands, Inc engages in the ownership and management of land in the United States. It operates through three segments: Oil and Gas, Surface, and Timber. The company leases its properties for minerals, such as oil and gas; raising and harvesting timber; and surface uses comprising agriculture, right of ways, and hunting.