CLS (LON:CLI) Shares Cross Below 200 Day Moving Average – Time to Sell?

CLS Holdings plc (LON:CLI)’s share price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 48.66 and traded as low as GBX 44.42. CLS shares last traded at GBX 45, with a volume of 682,845 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CLI shares. Peel Hunt restated a “reduce” rating and issued a GBX 45 price objective on shares of CLS in a report on Tuesday, August 4th. Berenberg Bank dropped their price target on shares of CLS from GBX 58 to GBX 51 and set a “buy” rating for the company in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of GBX 48.

CLS Stock Performance

The company has a current ratio of 0.26, a quick ratio of 0.59 and a debt-to-equity ratio of 128.45. The company has a market capitalization of £180.66 million, a price-to-earnings ratio of -1.88 and a beta of 1.01. The stock’s fifty day simple moving average is GBX 48.07 and its 200-day simple moving average is GBX 48.66.

CLS (LON:CLI) last posted its quarterly earnings results on Wednesday, August 12th. The company reported GBX 2.70 EPS for the quarter. CLS had a negative net margin of 72.29% and a negative return on equity of 13.63%. Analysts predict that CLS Holdings plc will post 10.0104167 EPS for the current year.

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.