Clipper Logistics (LON:CLG) Shares Cross Below 200 Day Moving Average – What’s Next?

Clipper Logistics plc (LON:CLGGet Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 837 ($10.85) and traded as low as GBX 817 ($10.60). Clipper Logistics shares last traded at GBX 837 ($10.85), with a volume of 11,048,592 shares traded.

Clipper Logistics Price Performance

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

About Clipper Logistics

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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.

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