Clipper Logistics (LON:CLG) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Clipper Logistics plc (LON:CLGGet Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 837 ($10.90) and traded as low as GBX 817 ($10.64). Clipper Logistics shares last traded at GBX 837 ($10.90), with a volume of 11,048,592 shares trading hands.

Clipper Logistics Stock Performance

The firm has a market cap of £869.17 million and a P/E ratio of 37.70. The company has a debt-to-equity ratio of 486.22, a quick ratio of 0.76 and a current ratio of 0.88. The stock’s 50-day moving average is GBX 837 and its 200 day moving average is GBX 837.

Clipper Logistics Company Profile

(Get Free Report)

Clipper Logistics plc, together with its subsidiaries, provides value-added logistics services to the retail sector in the United Kingdom and rest of Europe. The company operates through two segments, Value-Added Logistics Services and Commercial Vehicles. It offers e-fulfilment, returns management, multichannel, technical services, warehousing, urban and retail consolidation, secure logistics, transportation, port deconsolidation logistics, and contract packaging services.

Further Reading

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