CLS (LON:CLI) Stock Price Crosses Above Two Hundred Day Moving Average of $210.81

CLS Holdings plc (LON:CLIGet Rating) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 210.81 ($2.56) and traded as high as GBX 220 ($2.67). CLS shares last traded at GBX 211.50 ($2.57), with a volume of 617,098 shares trading hands.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 330 ($4.01) price target on shares of CLS in a report on Wednesday, May 11th.

The firm has a market cap of £861.64 million and a PE ratio of 7.22. The firm has a fifty day simple moving average of GBX 212.53 and a two-hundred day simple moving average of GBX 210.81. The company has a debt-to-equity ratio of 77.79, a quick ratio of 0.79 and a current ratio of 0.99.

In related news, insider William Holland acquired 4,072 shares of the stock in a transaction dated Wednesday, May 11th. The stock was acquired at an average cost of GBX 196 ($2.38) per share, with a total value of £7,981.12 ($9,687.00). Insiders bought a total of 4,212 shares of company stock valued at $828,231 over the last ninety days.

About CLS (LON:CLI)

CLS Holdings plc, together with its subsidiaries, engages in the investment, development, and management of commercial properties in the United Kingdom, Germany, and France. It operates in two segments, Investment Properties and Other Investments. The company also invests in a hotel; and corporate bonds and other corporate investments, as well as rents office buildings.

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