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

CLS Holdings plc (LON:CLI - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 73.40 ($0.98) and traded as low as GBX 60.10 ($0.80). CLS shares last traded at GBX 61 ($0.81), with a volume of 187,285 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 114 ($1.52) price objective on shares of CLS in a research note on Tuesday, April 1st.

CLS Trading Up 1.1%

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 firm has a market capitalization of £245.87 million, a P/E ratio of -1.19 and a beta of 1.01. The firm's 50-day simple moving average is GBX 64 and its 200-day simple moving average is GBX 73.40.

CLS (LON:CLI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 1st. The company reported GBX (23.60) (($0.32)) earnings per share for the quarter. CLS had a negative net margin of 134.11% and a negative return on equity of 23.42%. Analysts anticipate that CLS Holdings plc will post 10.0104167 EPS for the current year.

CLS Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be paid a dividend of GBX 2.68 ($0.04) per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a yield of 4.17%. This is a positive change from CLS's previous dividend of $2.60. CLS's payout ratio is -15.42%.

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.

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