CLS (LON:CLI) Shares Cross Below 200 Day Moving Average – Time to Sell?

CLS Holdings plc (LON:CLI)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 50.67 and traded as low as GBX 46.20. CLS shares last traded at GBX 47.10, with a volume of 28,634 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Peel Hunt reiterated a “reduce” rating and set a GBX 45 price objective on shares of CLS in a research report on Tuesday, August 4th. Berenberg Bank lowered their price objective on CLS from GBX 58 to GBX 51 and set a “buy” rating for the company in a research report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of GBX 48.

CLS Trading Up 0.2%

The firm’s 50-day moving average price is GBX 48.99 and its 200 day moving average price is GBX 50.65. The company has a market cap of £187.91 million, a price-to-earnings ratio of -3.75 and a beta of 1.02. The company has a current ratio of 0.26, a quick ratio of 0.59 and a debt-to-equity ratio of 128.45.

CLS (LON:CLI) last issued its earnings results on Wednesday, August 12th. The company reported GBX 2.70 earnings per share (EPS) for the quarter. CLS had a negative net margin of 72.29% and a negative return on equity of 13.63%. As a group, equities analysts expect that CLS Holdings plc will post 10.0104167 EPS for the current year.

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.