Clipper Logistics (LON:CLG) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of Clipper Logistics plc (LON:CLG) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 837 ($10.52) and traded as low as GBX 817 ($10.27). Clipper Logistics shares last traded at GBX 837 ($10.52), with a volume of 11,048,592 shares trading hands.

Clipper Logistics Price Performance

The stock has a market cap of £869.17 million and a price-to-earnings 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 company has a 50-day simple moving average of GBX 837 and a two-hundred day simple moving average of GBX 837.

About Clipper Logistics

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.