CLS (LON:CLI) Trading Down 7.8% – Here’s Why

CLS Holdings plc (LON:CLI) fell 7.8% on Tuesday . The company traded as low as GBX 46.05 and last traded at GBX 48.20. Approximately 1,869,882 shares changed hands during trading, an increase of 127% from the average daily volume of 822,854 shares. The stock had previously closed at GBX 52.30.

Wall Street Analyst Weigh In

CLI has been the topic of several research analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 58 price objective on shares of CLS in a report on Tuesday. Peel Hunt reissued a “reduce” rating and issued a GBX 45 price target on shares of CLS in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 51.50.

CLS Stock 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 company has a market capitalization of £191.89 million, a price-to-earnings ratio of -3.83 and a beta of 1.00. The stock’s fifty day simple moving average is GBX 49.31 and its 200-day simple moving average is GBX 52.37.

Insider Activity

In related news, insider Fredrik Widlund bought 20,109 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was purchased at an average cost of GBX 46 per share, for a total transaction of £9,250.14. Insiders own 60.13% of the company’s stock.

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.