CLS (LON:CLI) Shares Down 15% – Time to Sell?

Shares of CLS Holdings plc (LON:CLI) dropped 15% during mid-day trading on Monday. The company traded as low as GBX 42 and last traded at GBX 42.50. Approximately 760,802 shares changed hands during mid-day trading, an increase of 6% from the average session volume of 719,319 shares. The stock had previously closed at GBX 50.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CLI. Peel Hunt reaffirmed a “reduce” rating and issued a GBX 45 price target on shares of CLS in a research note on Tuesday, August 4th. Berenberg Bank dropped their price objective on CLS from GBX 58 to GBX 51 and set a “buy” rating on the stock in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of GBX 48.

CLS Trading Down 15.0%

The company has a market capitalization of £170.62 million, a P/E ratio of -1.77 and a beta of 1.01. The company has a debt-to-equity ratio of 128.45, a current ratio of 0.26 and a quick ratio of 0.59. The company has a fifty day simple moving average of GBX 46.05 and a two-hundred day simple moving average of GBX 47.88.

CLS (LON:CLI) last posted 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%. On average, analysts forecast that CLS Holdings plc will post 10.01 earnings per share for the current fiscal year.

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.