CLS (LON:CLI) Stock Crosses Below 200 Day Moving Average - Should You Sell?

Key Points

• CLS Holdings plc shares have fallen below their 200-day moving average, currently trading at GBX 62 ($0.84) compared to the average of GBX 66.36 ($0.90).
• Berenberg Bank has reaffirmed a "buy" rating for CLS shares with a price target set at GBX 100, indicating positive market sentiment.
• Insider purchases in the last three months have totaled 168,935 shares, highlighting significant confidence from corporate insiders in the company's future performance.

Shares of CLS Holdings plc (LON:CLI - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 66.36 ($0.90) and traded as low as GBX 61.40 ($0.83). CLS shares last traded at GBX 62 ($0.84), with a volume of 170,435 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 100 price objective on shares of CLS in a research note on Wednesday, August 13th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of GBX 100.

CLS Stock Up 0.5%

The company has a quick ratio of 0.59, a current ratio of 0.73 and a debt-to-equity ratio of 123.30. The company has a market capitalization of £249.45 million, a PE ratio of -1.21 and a beta of 1.01. The company's 50 day moving average is GBX 66.25 and its two-hundred day moving average is GBX 66.12.

CLS (LON:CLI - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported GBX (6.10) EPS for the quarter. CLS had a negative net margin of 134.11% and a negative return on equity of 23.42%. On average, analysts anticipate that CLS Holdings plc will post 10.0104167 earnings per share for the current year.

Insider Transactions at CLS

In other news, insider Fredrik Widlund bought 41,669 shares of the stock in a transaction dated Monday, June 2nd. The stock was purchased at an average cost of GBX 63 per share, for a total transaction of £26,251.47. Also, insider Bill Holland bought 32,522 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The stock was acquired at an average cost of GBX 61 per share, with a total value of £19,838.42. Insiders acquired 168,935 shares of company stock valued at $11,164,995 over the last 90 days. Insiders own 66.38% of the company's stock.

CLS Company Profile

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.