Clarkson (LON:CKN) Shares Down 17.9% – Here’s Why

Shares of Clarkson PLC (LON:CKN) were down 17.9% during trading on Monday . The stock traded as low as GBX 3,535 ($45.70) and last traded at GBX 3,620 ($46.79). Approximately 425,610 shares traded hands during trading, an increase of 1% from the average daily volume of 421,359 shares. The stock had previously closed at GBX 4,409.50 ($57.00).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 4,500 ($58.17) price objective on shares of Clarkson in a research report on Tuesday, January 14th.

Clarkson Price Performance

The stock has a 50-day moving average price of GBX 4,267.41 and a two-hundred day moving average price of GBX 3,924.67. The company has a current ratio of 1.79, a quick ratio of 1.69 and a debt-to-equity ratio of 8.45. The stock has a market cap of £1.12 billion, a price-to-earnings ratio of 13.55 and a beta of 1.12.

Clarkson (LON:CKN) last released its quarterly earnings results on Monday, March 10th. The company reported GBX 286.90 ($3.71) EPS for the quarter. Clarkson had a return on equity of 17.96% and a net margin of 13.10%. As a group, equities research analysts forecast that Clarkson PLC will post 283.011583 EPS for the current year.

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.