CLS (LON:CLI) Stock Breaks Below 200-Day Moving Average – What’s Next?

CLS Holdings plc (LON:CLI) passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 48.14 and traded as low as GBX 42.50. CLS shares last traded at GBX 42.95, with a volume of 552,663 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have commented on CLI. Peel Hunt reissued a “reduce” rating and set a GBX 45 price objective on shares of CLS in a 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 analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 48.

CLS Stock Performance

The firm has a market capitalization of £175.64 million, a PE ratio of -1.82 and a beta of 1.01. The business has a 50-day simple moving average of GBX 46.94 and a 200-day simple moving average of GBX 48.08. The company has a debt-to-equity ratio of 128.45, a current ratio of 0.26 and a quick ratio of 0.59.

CLS (LON:CLI) last released its quarterly earnings results on Wednesday, August 12th. The company reported GBX 2.70 earnings per share for the quarter. CLS had a negative return on equity of 13.63% and a negative net margin of 72.29%. Equities research analysts expect that CLS Holdings plc will post 10.0104167 earnings per share for the current fiscal year.

CLS Company Profile

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.