Clarkson (LON:CKN) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Clarkson PLC (LON:CKN) 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.

Analyst Ratings Changes

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

Clarkson Stock Performance

The stock has a market cap of £1.38 billion, a P/E ratio of 16.73 and a beta of 1.12. 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 company has a fifty day moving average of GBX 4,181.11 and a 200 day moving average of GBX 3,891.22.

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.