CLS (LON:CLI) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

CLS Holdings plc (LON:CLI) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 82.53 ($1.07) and traded as low as GBX 70.20 ($0.91). CLS shares last traded at GBX 70.90 ($0.92), with a volume of 298,016 shares changing hands.

Wall Street Analyst Weigh In

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

CLS Stock Performance

The stock has a market cap of £282.53 million, a PE ratio of -1.37 and a beta of 1.01. The firm’s 50-day moving average is GBX 72.23 and its 200 day moving average is GBX 82.53. The company has a debt-to-equity ratio of 123.30, a quick ratio of 0.59 and a current ratio of 0.73.

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.