CLS (LON:CLI) Stock Passes Below 200 Day Moving Average – Here’s What Happened

CLS Holdings plc (LON:CLI)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 91.64 ($1.15) and traded as low as GBX 87.30 ($1.10). CLS shares last traded at GBX 87.60 ($1.10), with a volume of 117,869 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 114 ($1.44) target price on shares of CLS in a research note on Monday, September 2nd.

CLS Stock Down 1.1 %

The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 123.30. The firm has a market cap of £348.13 million, a P/E ratio of -168.46 and a beta of 1.01. The firm’s 50 day moving average is GBX 93.68 and its two-hundred day moving average is GBX 91.64.

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.