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

CLS Holdings plc (LON:CLI)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 82.53 ($1.06) and traded as low as GBX 70.20 ($0.90). CLS shares last traded at GBX 70.90 ($0.91), with a volume of 298,016 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 114 ($1.47) price target on shares of CLS in a report on Tuesday, January 28th.

CLS Trading Up 0.6 %

The company has a market cap of £281.33 million, a price-to-earnings ratio of -1.36 and a beta of 1.01. The business’s fifty day moving average price is GBX 71.99 and its 200 day moving average price is GBX 82.26. The company has a debt-to-equity ratio of 123.30, a current ratio of 0.73 and a quick ratio of 0.59.

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.