CLS (LON:CLI) Share Price Passes Below 200-Day Moving Average – Here’s Why

CLS Holdings plc (LON:CLI)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 53.05 and traded as low as GBX 47.95. CLS shares last traded at GBX 50.20, with a volume of 121,166 shares.

Analyst Upgrades and Downgrades

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

CLS Stock Performance

The company has a market cap of £199.85 million, a PE ratio of -3.98 and a beta of 1.00. The stock has a 50 day simple moving average of GBX 48.20 and a two-hundred day simple moving average of GBX 53.05. The company has a debt-to-equity ratio of 121.99, a current ratio of 0.29 and a quick ratio of 0.59.

Insider Activity at CLS

In other CLS news, insider Fredrik Widlund purchased 100,000 shares of CLS stock in a transaction that occurred on Wednesday, April 29th. The stock was purchased at an average price of GBX 49 per share, for a total transaction of £49,000. Over the last 90 days, insiders have acquired 120,408 shares of company stock valued at $5,839,964. 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.