CLS (LON:CLI) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

by · The Cerbat Gem

CLS Holdings plc (LON:CLI – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 55.16 and traded as low as GBX 46.85. CLS shares last traded at GBX 47, with a volume of 93,714 shares changing hands.

Analyst Upgrades and Downgrades

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

Read Our Latest Research Report on CLS

CLS Stock Performance

The stock has a 50-day moving average of GBX 48.25 and a 200 day moving average of GBX 55.10. The company has a debt-to-equity ratio of 121.99, a current ratio of 0.29 and a quick ratio of 0.59. The stock has a market capitalization of £185.12 million, a price-to-earnings ratio of -3.69 and a beta of 0.99.

CLS (LON:CLI – Get Free Report) last announced its quarterly earnings data on Friday, March 13th. The company reported GBX (12.60) EPS for the quarter. CLS had a negative return on equity of 6.67% and a negative net margin of 36.01%. On average, analysts expect that CLS Holdings plc will post 10.0104167 EPS for the current year.

Insider Transactions at CLS

In related news, insider Johannes Conradi bought 200,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was bought at an average cost of GBX 52 per share, for a total transaction of £104,000. Also, insider Fredrik Widlund bought 20,109 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were bought at an average price of GBX 46 per share, with a total value of £9,250.14. Over the last quarter, insiders purchased 320,664 shares of company stock valued at $16,255,068. Corporate insiders own 60.56% of the company’s stock.

About CLS

(Get Free Report)

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.

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