Clarkson (LON:CKN) Shares Cross Above 200 Day Moving Average – Should You Sell?

Clarkson PLC (LON:CKN) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,891.22 ($49.11) and traded as high as GBX 4,535 ($57.23). Clarkson shares last traded at GBX 4,475 ($56.47), with a volume of 49,111 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 4,500 ($56.79) price target on shares of Clarkson in a research report on Tuesday, January 14th.

Clarkson Trading Up 0.4 %

The stock has a market cap of £1.38 billion, a price-to-earnings ratio of 16.73 and a beta of 1.12. The business’s fifty day simple moving average is GBX 4,181.11 and its 200 day simple moving average is GBX 3,891.22. The company has a debt-to-equity ratio of 8.45, a current ratio of 1.79 and a quick ratio of 1.69.

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.