CLS (LON:CLI) Hits New 12-Month Low at $166.80

Shares of CLS Holdings plc (LON:CLIGet Rating) hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 166.80 ($2.02) and last traded at GBX 166.80 ($2.02), with a volume of 33757 shares. The stock had previously closed at GBX 174 ($2.10).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their target price on CLS from GBX 330 ($3.99) to GBX 255 ($3.08) and set a “buy” rating for the company in a research report on Wednesday, August 31st.

CLS Stock Performance

The stock has a market capitalization of £680.35 million and a P/E ratio of 561.29. The firm has a 50-day moving average of GBX 195.02 and a 200 day moving average of GBX 203.78. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 78.00.

CLS Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 8th will be given a GBX 2.60 ($0.03) dividend. The ex-dividend date is Thursday, September 8th. This represents a yield of 1.25%. CLS’s dividend payout ratio (DPR) is currently 24.84%.

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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