CLS (LON:CLI) Share Price Crosses Below 200-Day Moving Average - What's Next?

Shares of CLS Holdings plc (LON:CLI - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 90.18 ($1.13) and traded as low as GBX 79.80 ($1.00). CLS shares last traded at GBX 80.20 ($1.01), with a volume of 95,038 shares changing hands.

Analyst Upgrades and Downgrades

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

CLS Stock Down 2.1 %

The company has a quick ratio of 0.59, a current ratio of 0.73 and a debt-to-equity ratio of 123.30. The business has a 50-day simple moving average of GBX 86.42 and a 200-day simple moving average of GBX 90.12. The stock has a market cap of £318.72 million, a P/E ratio of -154.23 and a beta of 1.01.

About CLS

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.