CLS (LON:CLI) Stock Price Passes Below Two Hundred Day Moving Average of $96.49

CLS Holdings plc (LON:CLI) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 96.49 ($1.22) and traded as low as GBX 82.40 ($1.04). CLS shares last traded at GBX 83 ($1.05), with a volume of 273,118 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 114 ($1.44) price target on shares of CLS in a research report on Tuesday, March 12th.

CLS Stock Down 0.5 %

The company has a debt-to-equity ratio of 115.59, a current ratio of 0.99 and a quick ratio of 0.59. The firm’s 50-day moving average is GBX 90.77 and its 200 day moving average is GBX 96.49. The stock has a market cap of £328.09 million, a price-to-earnings ratio of -131.75 and a beta of 0.96.

CLS Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, May 2nd. Shareholders of record on Thursday, March 21st will be issued a dividend of GBX 5.35 ($0.07) per share. This represents a dividend yield of 5.82%. This is a boost from CLS’s previous dividend of $2.60. The ex-dividend date of this dividend is Thursday, March 21st. CLS’s dividend payout ratio is -1,269.84%.

About CLS

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 other corporate investments, as well as rents office buildings.