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

CLS Holdings plc (LON:CLI) passed 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.

Analysts Set New Price Targets

Separately, Berenberg Bank cut their price target on shares of CLS from GBX 80 to GBX 58 and set a “buy” rating on the stock in a report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, CLS has a consensus rating of “Moderate Buy” and a consensus price target of GBX 64.

CLS Price Performance

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

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

Insider Activity

In other news, insider Fredrik Widlund purchased 20,109 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were acquired at an average price of GBX 46 per share, for a total transaction of £9,250.14. Insiders have purchased a total of 120,664 shares of company stock worth $5,855,068 in the last quarter. 60.13% of the stock is owned by insiders.

About CLS

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.