CLS (LON:CLI) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

CLS Holdings plc (LON:CLIGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 52.77 and traded as low as GBX 51.50. CLS shares last traded at GBX 52.20, with a volume of 189,382 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reduced their price objective on shares of CLS from GBX 80 to GBX 58 and set a “buy” rating for the company in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 64.

Get Our Latest Stock Analysis on CLI

CLS Stock Down 0.4%

The firm has a market cap of £207.81 million, a price-to-earnings ratio of -4.14 and a beta of 1.00. The stock’s 50 day moving average is GBX 48.72 and its 200 day moving average is GBX 52.77. The company has a quick ratio of 0.59, a current ratio of 0.29 and a debt-to-equity ratio of 121.99.

Insider Transactions at CLS

In other news, insider Fredrik Widlund purchased 100,000 shares of the stock in a transaction dated Wednesday, April 29th. The shares were bought at an average cost of GBX 49 per share, for a total transaction of £49,000. Over the last three months, insiders acquired 120,408 shares of company stock worth $5,839,964. Company insiders own 60.13% of the company’s stock.

CLS Company Profile

(Get Free Report)

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.

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