Clarkson (LON:CKN) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Clarkson PLC (LON:CKN)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,882.29 ($48.34) and traded as high as GBX 4,240 ($52.79). Clarkson shares last traded at GBX 4,230 ($52.66), with a volume of 160,904 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 4,500 ($56.03) price target on shares of Clarkson in a research report on Tuesday, January 14th.

Clarkson Stock Performance

The company has a debt-to-equity ratio of 8.39, a current ratio of 1.79 and a quick ratio of 1.69. The firm has a market cap of £1.30 billion, a PE ratio of 1,578.36 and a beta of 1.12. The business has a 50-day simple moving average of GBX 4,015.38 and a 200 day simple moving average of GBX 3,882.29.

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.