Clarkson (LON:CKN) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Clarkson PLC (LON:CKN)’s stock 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 traded.

Analysts Set New Price Targets

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

Clarkson Stock Performance

The company has a market capitalization of £1.30 billion, a price-to-earnings ratio of 1,578.36 and a beta of 1.12. The firm has a fifty day simple moving average of GBX 4,015.38 and a 200 day simple moving average of GBX 3,882.29. The company has a debt-to-equity ratio of 8.39, 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.