Clarkson (LON:CKN) Reaches New 52-Week Low - Here's What Happened

Clarkson PLC (LON:CKN - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 3,360 ($43.50) and last traded at GBX 3,445 ($44.60), with a volume of 390358 shares changing hands. The stock had previously closed at GBX 3,455 ($44.73).

Wall Street Analyst Weigh In

Several brokerages have weighed in on CKN. Canaccord Genuity Group lowered their target price on shares of Clarkson from GBX 4,500 ($58.26) to GBX 4,000 ($51.79) and set a "buy" rating for the company in a research note on Wednesday. Berenberg Bank lowered their target price on shares of Clarkson from GBX 5,075 ($65.70) to GBX 4,800 ($62.14) and set a "buy" rating for the company in a research note on Tuesday.

Clarkson Stock Performance

The stock's 50 day moving average price is GBX 4,249.70 and its 200 day moving average price is GBX 3,919.43. 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 company has a market cap of £1.11 billion, a price-to-earnings ratio of 13.43 and a beta of 1.12.

Clarkson (LON:CKN - Get Free Report) last released its 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%. On average, analysts expect that Clarkson PLC will post 283.011583 EPS for the current fiscal 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.