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

Clarke Inc. (TSE:CKI)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$21.88 and traded as high as C$23.25. Clarke shares last traded at C$23.25, with a volume of 4,304 shares trading hands.

Clarke Stock Performance

The company’s 50-day simple moving average is C$21.88 and its 200 day simple moving average is C$23.18. The stock has a market cap of C$301.51 million, a P/E ratio of 24.47 and a beta of 0.08. The company has a current ratio of 0.06, a quick ratio of 0.11 and a debt-to-equity ratio of 99.63.

Clarke (TSE:CKI) last released its 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 during 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.