CLS (LON:CLI) Stock Price Passes Above 200 Day Moving Average – What’s Next?

CLS Holdings plc (LON:CLIGet Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 89.91 ($1.17) and traded as high as GBX 100 ($1.31). CLS shares last traded at GBX 98.60 ($1.29), with a volume of 69,595 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 114 ($1.49) target price on shares of CLS in a research note on Monday, September 2nd.

Check Out Our Latest Stock Analysis on CLI

CLS Trading Up 0.6 %

The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 123.30. The company has a market capitalization of £391.85 million, a price-to-earnings ratio of -189.62 and a beta of 1.01. The firm has a 50-day moving average price of GBX 92.41 and a 200-day moving average price of GBX 89.91.

CLS Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, October 2nd. Investors of record on Thursday, September 5th were issued a GBX 2.60 ($0.03) dividend. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, September 5th. CLS’s payout ratio is -1,538.46%.

CLS Company Profile

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

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