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CLS (LON:CLI) Shares Cross Below Two Hundred Day Moving Average - Here's Why

CLS logo with Real Estate background

CLS Holdings plc (LON:CLI - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 90.50 ($1.14) and traded as low as GBX 77.80 ($0.98). CLS shares last traded at GBX 78.60 ($0.99), with a volume of 572,462 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 114 ($1.43) price target on shares of CLS in a report on Monday, September 2nd.

Get Our Latest Report on CLS

CLS Stock Down 0.6 %

The company has a 50-day moving average of GBX 88.59 and a 200-day moving average of GBX 90.43. 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 company has a market capitalization of £310.38 million, a price-to-earnings ratio of -150.19 and a beta of 1.01.

CLS Company Profile

(Get Free Report)

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.

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