CLS (LON:CLI) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

CLS Holdings plc (LON:CLI)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 54.76 and traded as low as GBX 46.55. CLS shares last traded at GBX 48.65, with a volume of 185,352 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their price target on shares of CLS from GBX 80 to GBX 58 and set a “buy” rating for the company in a research note on Wednesday, May 6th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, CLS has a consensus rating of “Moderate Buy” and a consensus target price of GBX 64.

CLS Price Performance

The company has a current ratio of 0.29, a quick ratio of 0.59 and a debt-to-equity ratio of 121.99. The business’s fifty day moving average is GBX 48.16 and its 200 day moving average is GBX 54.76. The firm has a market capitalization of £193.68 million, a P/E ratio of -3.86 and a beta of 0.99.

CLS (LON:CLI) last released its earnings results on Friday, March 13th. The company reported GBX (12.60) EPS for the quarter. CLS had a negative return on equity of 6.67% and a negative net margin of 36.01%. As a group, analysts forecast that CLS Holdings plc will post 10.0104167 EPS for the current year.

Insider Activity at CLS

In other CLS news, insider Fredrik Widlund bought 20,109 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average cost of GBX 46 per share, for a total transaction of £9,250.14. In the last 90 days, insiders have purchased 120,664 shares of company stock valued at $5,855,068. 60.13% of the stock is owned by insiders.

CLS Company Profile

We are a commercial property investment company with a £2.1bn portfolio listed on the Premium Main Market on the London Stock Exchange, specialising in future-focused office space in the UK, Germany and France. Through geographical diversification, local expertise and an active management approach, we transform office properties into sustainable, modern spaces that help our tenants’ businesses to grow.