Shares of CLS Holdings plc (LON:CLI - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 68.09 ($0.91) and traded as low as GBX 66.73 ($0.90). CLS shares last traded at GBX 67.60 ($0.91), with a volume of 403,757 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 114 ($1.53) target price on shares of CLS in a research note on Tuesday, April 1st.
Get Our Latest Stock Report on CLS
CLS Price Performance
The company has a market capitalization of £264.04 million, a price-to-earnings ratio of -1.28 and a beta of 1.01. The company has a debt-to-equity ratio of 123.30, a quick ratio of 0.59 and a current ratio of 0.73. The company has a fifty day simple moving average of GBX 65.21 and a two-hundred day simple moving average of GBX 68.09.
Insider Transactions at CLS
In other news, insider Fredrik Widlund acquired 41,669 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was acquired at an average cost of GBX 63 ($0.85) per share, for a total transaction of £26,251.47 ($35,227.42). Also, insider Eva Lindqvist acquired 21,400 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were purchased at an average price of GBX 70 ($0.94) per share, with a total value of £14,980 ($20,101.99). Insiders bought a total of 135,959 shares of company stock worth $9,151,189 in the last ninety days. Insiders own 66.38% of the company's stock.
About CLS
(
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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.
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