CLS (LON:CLI) Sets New 1-Year Low at $166.80

CLS Holdings plc (LON:CLIGet Rating)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as GBX 166.80 ($2.02) and last traded at GBX 166.80 ($2.02), with a volume of 33757 shares trading hands. The stock had previously closed at GBX 174 ($2.10).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut their price objective on CLS from GBX 330 ($3.99) to GBX 255 ($3.08) and set a “buy” rating on the stock in a report on Wednesday, August 31st.

CLS Price Performance

The stock has a market cap of £680.35 million and a P/E ratio of 561.29. The company has a 50 day simple moving average of GBX 195.02 and a 200 day simple moving average of GBX 203.78. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 78.00.

CLS Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 8th will be paid a GBX 2.60 ($0.03) dividend. This represents a yield of 1.25%. The ex-dividend date of this dividend is Thursday, September 8th. CLS’s payout ratio is 24.84%.

CLS Company Profile

(Get Rating)

CLS Holdings plc, together with its subsidiaries, engages in the investment, development, and management of commercial properties in the United Kingdom, Germany, and France. It operates in two segments, Investment Properties and Other Investments. The company also invests in a hotel; and corporate bonds and other corporate investments, as well as rents office buildings.

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