CLS (LON:CLI) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

CLS Holdings plc (LON:CLIGet Free Report)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 85.09 ($1.08) and traded as low as GBX 70.50 ($0.89). CLS shares last traded at GBX 71.40 ($0.91), with a volume of 493,729 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 114 ($1.45) price target on shares of CLS in a report on Tuesday, January 28th.

Read Our Latest Report on CLI

CLS Trading Down 1.0 %

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 stock has a market cap of £281.73 million, a PE ratio of -1.36 and a beta of 1.01. The firm has a fifty day simple moving average of GBX 74.96 and a two-hundred day simple moving average of GBX 85.09.

About CLS

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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.

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