CLS (LON:CLI) Stock Price Crosses Above 200-Day Moving Average of $89.41

CLS Holdings plc (LON:CLI - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 89.41 ($1.20) and traded as high as GBX 93.54 ($1.25). CLS shares last traded at GBX 93 ($1.25), with a volume of 188,530 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 114 ($1.53) price objective on shares of CLS in a research note on Monday, September 2nd.

CLS Stock Up 0.2 %

The business's fifty day simple moving average is GBX 91.35 and its two-hundred day simple moving average is GBX 89.42. The company has a market cap of £370.39 million, a PE ratio of -179.23 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.

CLS Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Thursday, September 5th will be given a GBX 2.60 ($0.03) dividend. This represents a dividend yield of 2.9%. The ex-dividend date is Thursday, September 5th. CLS's dividend payout ratio (DPR) is presently -1,538.46%.

CLS Company Profile

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.