Clipper Logistics (LON:CLG) Stock Crosses Below Fifty Day Moving Average of $262.97

Clipper Logistics PLC (LON:CLG)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $262.97 and traded as low as $230.00. Clipper Logistics shares last traded at $235.00, with a volume of 17,687 shares changing hands.

The company has a debt-to-equity ratio of 113.28, a current ratio of 0.91 and a quick ratio of 0.72. The company has a 50-day moving average price of GBX 262.07 and a 200-day moving average price of GBX 264.93. The firm has a market capitalization of $238.89 million and a PE ratio of 15.46.

About Clipper Logistics (LON:CLG)

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

Further Reading: How to Use a Moving Average for Trading 

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