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

CLS Holdings plc (LON:CLI - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 82.53 ($1.07) and traded as low as GBX 70.20 ($0.91). CLS shares last traded at GBX 70.90 ($0.92), with a volume of 298,016 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 114 ($1.48) target price on shares of CLS in a research report on Tuesday, January 28th.

CLS Stock Down 0.4 %

The firm has a market capitalization of £286.11 million, a price-to-earnings ratio of -1.38 and a beta of 1.01. The company has a debt-to-equity ratio of 123.30, a current ratio of 0.73 and a quick ratio of 0.59. The stock has a fifty day moving average of GBX 71.95 and a two-hundred day moving average of GBX 82.13.

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.