CLS (LON:CLI) Stock Crosses Below 200 Day Moving Average - Here's Why

CLS Holdings plc (LON:CLI - Get Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 114 ($1.53) price objective on shares of CLS in a report on Tuesday, April 1st.

CLS Price Performance

The company has a market capitalization of £268.98 million, a P/E ratio of -1.30 and a beta of 1.01. The business's 50-day simple moving average is GBX 65.40 and its 200 day simple moving average is GBX 67.78. The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 123.30.

Insider Buying and Selling

In other news, insider Fredrik Widlund bought 41,669 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were acquired at an average cost of GBX 63 ($0.85) per share, with a total value of £26,251.47 ($35,213.24). Also, insider Eva Lindqvist bought 21,400 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was purchased at an average cost of GBX 70 ($0.94) per share, for a total transaction of £14,980 ($20,093.90). Insiders have acquired 135,959 shares of company stock worth $9,151,189 in the last ninety days. 66.38% of the stock is currently owned by corporate insiders.

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.