CLS (LON:CLI) Stock Passes Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• CLS Holdings plc shares have dropped below their 200-day moving average of GBX 66.73, closing at GBX 65 ($0.87) during recent trading.
• The company has a market capitalization of £256.83 million and a high debt-to-equity ratio of 123.30, indicating potential financial risk.
• Insider transactions show significant confidence, with 136,413 shares acquired by insiders over the past ninety days, reflecting a strong ownership of 66.38% among them.

CLS Holdings plc (LON:CLI - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 66.73 ($0.90) and traded as low as GBX 64.20 ($0.87). CLS shares last traded at GBX 65 ($0.88), with a volume of 129,198 shares.

Analyst Ratings Changes

Separately, Berenberg Bank restated a "buy" rating and set a GBX 100 ($1.35) price target on shares of CLS in a research report on Wednesday.

CLS Stock Up 0.7%

The firm's 50-day moving average price is GBX 66.62 and its 200 day moving average price is GBX 66.61. The firm has a market cap of £245.87 million, a P/E ratio of -1.19 and a beta of 1.01. The company has a quick ratio of 0.59, a current ratio of 0.73 and a debt-to-equity ratio of 123.30.

CLS (LON:CLI - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The company reported GBX (6.10) (($0.08)) EPS for the quarter. CLS had a negative return on equity of 23.42% and a negative net margin of 134.11%. As a group, research analysts expect that CLS Holdings plc will post 10.0104167 earnings per share for the current year.

Insider Activity at CLS

In related news, insider Bill Holland bought 32,522 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average price of GBX 61 ($0.83) per share, for a total transaction of £19,838.42 ($26,841.32). Also, insider Fredrik Widlund bought 41,669 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was bought at an average price of GBX 63 ($0.85) per share, with a total value of £26,251.47 ($35,518.16). Over the last quarter, insiders have bought 168,935 shares of company stock worth $11,164,995. 66.38% of the stock is currently owned by corporate insiders.

About CLS

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.