CLS (LON:CLI) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

CLS Holdings plc (LON:CLI) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 75.22 ($1.00) and traded as low as GBX 61.24 ($0.81). CLS shares last traded at GBX 62 ($0.82), with a volume of 586,769 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 114 ($1.52) price target on shares of CLS in a report on Tuesday, April 1st.

CLS Stock Down 0.2 %

The company has a market cap of £247.06 million, a price-to-earnings ratio of -1.19 and a beta of 1.01. 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 stock has a 50-day simple moving average of GBX 65.29 and a 200-day simple moving average of GBX 75.22.

CLS (LON:CLI) last announced its earnings results on Tuesday, April 1st. The company reported GBX (23.60) (($0.31)) earnings per share (EPS) for the quarter. CLS had a negative net margin of 134.11% and a negative return on equity of 23.42%. As a group, analysts predict that CLS Holdings plc will post 10.0104167 EPS for the current year.

CLS Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be issued a dividend of GBX 2.68 ($0.04) per share. This is a boost from CLS’s previous dividend of $2.60. The ex-dividend date of this dividend is Thursday, May 15th. This represents a yield of 4.17%. CLS’s payout ratio is presently -15.42%.

About CLS

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.