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

CLS Holdings plc (LON:CLI)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 82.53 ($1.06) 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 Analysts Forecast Growth

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

CLS Stock Performance

The company has a debt-to-equity ratio of 123.30, a quick ratio of 0.59 and a current ratio of 0.73. The company’s 50 day moving average price is GBX 71.99 and its 200-day moving average price is GBX 82.26. The company has a market cap of £281.33 million, a PE ratio of -1.36 and a beta of 1.01.

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.