CLS (LON:CLI) Stock Crosses Below 200 Day Moving Average - What's Next?

CLS Holdings plc (LON:CLI - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 75.22 ($1.00) and traded as low as GBX 61.24 ($0.81). CLS shares last traded at GBX 62 ($0.82), with a volume of 586,769 shares traded.

Analyst Upgrades and Downgrades

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

CLS Trading Down 0.2 %

The company has a debt-to-equity ratio of 123.30, a current ratio of 0.73 and a quick ratio of 0.59. The business's fifty day simple moving average is GBX 65.29 and its 200 day simple moving average is GBX 75.22. The stock has a market cap of £247.06 million, a price-to-earnings ratio of -1.19 and a beta of 1.01.

CLS (LON:CLI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 1st. The company reported GBX (23.60) (($0.31)) earnings per share for the quarter. CLS had a negative net margin of 134.11% and a negative return on equity of 23.42%. On average, research analysts predict that CLS Holdings plc will post 10.0104167 EPS for the current year.

CLS Increases Dividend

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

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.

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