CLS (LON:CLI) Share Price Crosses Below Two Hundred Day Moving Average of $208.96

CLS Holdings plc (LON:CLIGet Rating)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 208.96 ($2.56) and traded as low as GBX 202 ($2.48). CLS shares last traded at GBX 207 ($2.54), with a volume of 2,138,064 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 330 ($4.04) target price on shares of CLS in a research report on Wednesday, May 11th.

CLS Stock Performance

The firm has a market cap of £843.31 million and a price-to-earnings ratio of 713.79. The company has a quick ratio of 0.79, a current ratio of 0.99 and a debt-to-equity ratio of 77.79. The stock has a fifty day moving average price of GBX 211.20 and a 200-day moving average price of GBX 208.96.

Insider Activity

In related news, insider William Holland bought 4,072 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were acquired at an average price of GBX 196 ($2.40) per share, with a total value of £7,981.12 ($9,779.59). Over the last 90 days, insiders have purchased 4,214 shares of company stock valued at $828,270.

About CLS

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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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