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

CLS logo with Real Estate background

CLS Holdings plc (LON:CLI - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 91.64 ($1.15) and traded as low as GBX 87.30 ($1.10). CLS shares last traded at GBX 87.60 ($1.10), with a volume of 117,869 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 114 ($1.44) price target on shares of CLS in a research report on Monday, September 2nd.

View Our Latest Analysis on CLI

CLS Trading Down 1.1 %

The firm has a market cap of £348.13 million, a price-to-earnings ratio of -168.46 and a beta of 1.01. The business has a 50 day moving average price of GBX 93.68 and a 200-day moving average price of GBX 91.70. The company has a quick ratio of 0.59, a current ratio of 0.73 and a debt-to-equity ratio of 123.30.

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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