CLS (LON:CLI) Shares Pass Below 200-Day Moving Average – Here’s What Happened

CLS Holdings plc (LON:CLI)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 86.02 ($1.09) and traded as low as GBX 69.10 ($0.87). CLS shares last traded at GBX 70.68 ($0.89), with a volume of 1,189,291 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 114 ($1.44) price target on shares of CLS in a research note on Tuesday, January 28th.

CLS Stock Performance

The company has a debt-to-equity ratio of 123.30, a current ratio of 0.73 and a quick ratio of 0.59. The business has a 50 day moving average price of GBX 76.30 and a 200 day moving average price of GBX 86.02. The stock has a market capitalization of £282.93 million, a PE ratio of -1.37 and a beta of 1.01.

CLS Company Profile

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.