CLS (LON:CLI) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Shares of CLS Holdings plc (LON:CLI) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of GBX 45.87 and traded as high as GBX 47.10. CLS shares last traded at GBX 47.05, with a volume of 94,642 shares trading hands.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CLI. Peel Hunt restated a “reduce” rating and set a GBX 45 price objective on shares of CLS in a research report on Tuesday, August 4th. Berenberg Bank reduced their target price on CLS from GBX 58 to GBX 51 and set a “buy” rating on the stock in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, CLS has a consensus rating of “Hold” and a consensus target price of GBX 48.

CLS Trading Down 1.5%

The firm’s 50 day simple moving average is GBX 45.87 and its two-hundred day simple moving average is GBX 50.63. The stock has a market capitalization of £183.95 million, a P/E ratio of -1.91 and a beta of 1.01. The company has a quick ratio of 0.59, a current ratio of 0.26 and a debt-to-equity ratio of 128.45.

CLS (LON:CLI) last released its quarterly earnings data on Wednesday, August 12th. The company reported GBX 2.70 earnings per share (EPS) for the quarter. CLS had a negative net margin of 72.29% and a negative return on equity of 13.63%. As a group, analysts forecast that CLS Holdings plc will post 10.01 earnings per share for the current fiscal year.

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.