CKX Lands (NYSEAMERICAN:CKX) Shares Cross Below 200-Day Moving Average – Should You Sell?

CKX Lands, Inc. (NYSEAMERICAN:CKX) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.13 and traded as low as $10.30. CKX Lands shares last traded at $10.30, with a volume of 301 shares trading hands.

CKX Lands Price Performance

The company has a 50 day moving average of $10.88 and a two-hundred day moving average of $11.12. The company has a market capitalization of $20.87 million, a PE ratio of 44.26 and a beta of -0.22.

CKX Lands (NYSEAMERICAN:CKX) last announced its earnings results on Monday, November 10th. The financial services provider reported $0.08 EPS for the quarter. The firm had revenue of $0.23 million for the quarter. CKX Lands had a net margin of 52.90% and a return on equity of 2.54%.

Hedge Funds Weigh In On CKX Lands

A hedge fund recently raised its stake in CKX Lands stock. Susquehanna International Group LLP boosted its position in shares of CKX Lands, Inc. (NYSEAMERICAN:CKX) by 40.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 15,822 shares of the financial services provider’s stock after purchasing an additional 4,519 shares during the quarter. Susquehanna International Group LLP owned about 0.77% of CKX Lands worth $176,000 at the end of the most recent reporting period. 16.13% of the stock is currently owned by institutional investors.

About CKX Lands

CKX Lands, Inc engages in the ownership and management of land in the United States. It operates through three segments: Oil and Gas, Surface, and Timber. The company leases its properties for minerals, such as oil and gas; raising and harvesting timber; and surface uses comprising agriculture, right of ways, and hunting.