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

Clarkson PLC (LON:CKN)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,479.52 and traded as high as GBX 4,770. Clarkson shares last traded at GBX 4,756, with a volume of 29,186 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group upgraded shares of Clarkson to a “hold” rating and upped their target price for the company from GBX 4,400 to GBX 4,650 in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 4,775.

Clarkson Trading Down 1.4%

The company has a 50-day moving average price of GBX 4,582.98 and a two-hundred day moving average price of GBX 4,486.50. The stock has a market cap of £1.46 billion, a P/E ratio of 22.25 and a beta of 0.70. The company has a current ratio of 1.78, a quick ratio of 1.69 and a debt-to-equity ratio of 10.66.

Insider Buying and Selling at Clarkson

In other news, insider Jeff Woyda sold 60,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of GBX 4,778, for a total value of £2,866,800. Also, insider Constantin Cotzias bought 1,127 shares of the stock in a transaction dated Wednesday, June 17th. The stock was purchased at an average price of GBX 4,412 per share, with a total value of £49,723.24. 5.37% of the stock is owned by insiders.

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. Its Financial segment provides investment banking services for maritime, oil services, and natural resources sectors; structured asset finance services and projects in the shipping, offshore, and real estate sectors; and project finance and bespoke asset finance solutions.