Clarkson (LON:CKN) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Clarkson PLC (LON:CKN)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,882.95 ($48.87) and traded as high as GBX 4,480 ($56.39). Clarkson shares last traded at GBX 4,390 ($55.25), with a volume of 134,142 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 4,500 ($56.64) target price on shares of Clarkson in a research report on Tuesday, January 14th.

Clarkson Price Performance

The company has a debt-to-equity ratio of 8.45, a current ratio of 1.79 and a quick ratio of 1.69. The stock’s fifty day simple moving average is GBX 4,124.53 and its 200-day simple moving average is GBX 3,882.95. The company has a market capitalization of £1.35 billion, a P/E ratio of 16.34 and a beta of 1.12.

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.