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

Shares of CLS Holdings plc (LON:CLI - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 86.02 ($1.09) and traded as low as GBX 69.10 ($0.87). CLS shares last traded at GBX 70.68 ($0.89), with a volume of 1,189,291 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 114 ($1.44) target price on shares of CLS in a research note on Tuesday, January 28th.

CLS Stock Performance

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 market capitalization of £287.71 million, a PE ratio of -1.39 and a beta of 1.01. The stock has a 50 day moving average of GBX 75.48 and a two-hundred day moving average of GBX 85.50.

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.