CLS (LON:CLI) Share Price Passes Below 200-Day Moving Average of $91.31

CLS Holdings plc (LON:CLI)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 91.31 ($1.16) and traded as low as GBX 87.70 ($1.11). CLS shares last traded at GBX 88 ($1.12), with a volume of 294,039 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 114 ($1.45) target price on shares of CLS in a research report on Tuesday, March 12th.

CLS Stock Performance

The company has a quick ratio of 0.59, a current ratio of 0.99 and a debt-to-equity ratio of 115.59. The company has a market cap of £349.72 million, a PE ratio of -139.68 and a beta of 0.95. The stock’s 50 day simple moving average is GBX 88.27 and its two-hundred day simple moving average is GBX 91.31.

About CLS

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.