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

Clarkson PLC (LON:CKN) dropped 17.9% during mid-day trading on Monday . The company traded as low as GBX 3,535 ($45.77) and last traded at GBX 3,620 ($46.87). Approximately 425,610 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 421,359 shares. The stock had previously closed at GBX 4,409.50 ($57.09).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 4,500 ($58.26) price target on shares of Clarkson in a report on Tuesday, January 14th.

Clarkson Trading Up 1.3 %

The stock’s fifty day simple moving average is GBX 4,249.70 and its 200-day simple moving average is GBX 3,919.43. The firm has a market cap of £1.08 billion, a PE ratio of 13.02 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.

Clarkson (LON:CKN) last posted its quarterly earnings results on Monday, March 10th. The company reported GBX 286.90 ($3.71) earnings per share (EPS) for the quarter. Clarkson had a net margin of 13.10% and a return on equity of 17.96%. On average, sell-side analysts forecast that Clarkson PLC will post 283.011583 earnings per share for the current year.

Clarkson Company Profile

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.