CLS (LON:CLI) Shares Pass Below 200-Day Moving Average – Here’s Why

Shares of CLS Holdings plc (LON:CLI) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 55.16 and traded as low as GBX 46.85. CLS shares last traded at GBX 47, with a volume of 93,714 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped their target price on shares of CLS from GBX 80 to GBX 58 and set a “buy” rating for the company in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 64.

CLS Stock Up 0.1%

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 stock has a market capitalization of £187.39 million, a PE ratio of -3.74 and a beta of 0.99. The company has a 50 day moving average price of GBX 48.30 and a 200-day moving average price of GBX 55.16.

CLS (LON:CLI) last announced its quarterly 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 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Johannes Conradi purchased 200,000 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average cost of GBX 52 per share, with a total value of £104,000. Also, insider Fredrik Widlund acquired 20,109 shares of the stock in a transaction on Wednesday, May 27th. The stock was bought at an average price of GBX 46 per share, with a total value of £9,250.14. Over the last ninety days, insiders bought 320,664 shares of company stock valued at $16,255,068. Corporate insiders own 60.56% 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.