Clarke (TSE:CKI) Shares Cross Above 50-Day Moving Average – Here’s Why

Clarke Inc. (TSE:CKI) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$21.51 and traded as high as C$22.51. Clarke shares last traded at C$22.51, with a volume of 100 shares traded.

Clarke Stock Performance

The firm has a market cap of C$307.26 million, a PE ratio of 8.97 and a beta of -0.06. The stock’s fifty day moving average price is C$21.51 and its 200-day moving average price is C$25.37.

Clarke (TSE:CKI) last issued its earnings results on Thursday, November 6th. The company reported C$1.16 earnings per share (EPS) for the quarter. The company had revenue of C$25.24 million during the quarter. Clarke had a net margin of 29.70% and a return on equity of 10.04%.

Insider Activity

In related news, insider Brosseau &Amp; Associates Inc. Letko sold 3,300 shares of Clarke stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of C$21.00, for a total transaction of C$69,300.00. Following the completion of the transaction, the insider directly owned 1,580,719 shares in the company, valued at C$33,195,099. The trade was a 0.21% decrease in their position. 76.18% of the stock is owned by company insiders.

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.