CLS (LON:CLI) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

CLS Holdings plc (LON:CLI) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 90.18 ($1.13) and traded as low as GBX 79.80 ($1.00). CLS shares last traded at GBX 80.20 ($1.01), with a volume of 95,038 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 114 ($1.43) price objective on shares of CLS in a report on Monday, September 2nd.

CLS Trading Down 2.1 %

The company has a 50 day moving average of GBX 86.42 and a 200 day moving average of GBX 90.12. The firm has a market cap of £318.72 million, a P/E ratio of -154.23 and a beta of 1.01. The company has a debt-to-equity ratio of 123.30, a quick ratio of 0.59 and a current ratio of 0.73.

CLS Company Profile

CLS Holdings plc, together with its subsidiaries, engages in the investment, development, and management of commercial properties in the United Kingdom, Germany, and France. The company operates in two segments, Investment Properties and Other Investments. It also invests in a hotel and other corporate investments.