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

CLS Holdings plc (LON:CLI)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 53.97 and traded as low as GBX 46.55. CLS shares last traded at GBX 46.55, with a volume of 2,084,330 shares traded.

Analyst Ratings Changes

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

CLS Stock Performance

The company has a market capitalization of £190.30 million, a P/E ratio of -3.79 and a beta of 1.00. The business has a 50 day moving average of GBX 48.20 and a 200 day moving average of GBX 53.82. The company has a quick ratio of 0.59, a current ratio of 0.29 and a debt-to-equity ratio of 121.99.

Insider Buying and Selling at CLS

In related news, insider Fredrik Widlund bought 100,000 shares of the business’s stock in a transaction dated Wednesday, April 29th. The shares were purchased at an average price of GBX 49 per share, with a total value of £49,000. Over the last 90 days, insiders purchased 120,664 shares of company stock worth $5,855,068. Insiders own 60.13% of the company’s stock.

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.