CLS (LON:CLI) Stock Price Down 7.1% - Here's What Happened

Key Points

• CLS Holdings plc shares fell 7.1% on Thursday to GBX 46.35 (low GBX 46) with volume up 17% to 1,397,200 shares versus an average of 1,198,004.
• Berenberg raised its price target to GBX 80 and rated the stock "buy," while the MarketBeat consensus is a Moderate Buy with a target of GBX 75.
• The company reported a quarterly loss of GBX (12.60), has a very high debt-to-equity ratio (121.99) and negative margins/ROE, yet insider Johannes Conradi purchased 200,000 shares and insiders own 60.56% of the stock.

CLS Holdings plc (LON:CLI - Get Free Report)'s share price fell 7.1% during trading on Thursday . The stock traded as low as GBX 46 and last traded at GBX 46.35. 1,397,200 shares changed hands during trading, an increase of 17% from the average session volume of 1,198,004 shares. The stock had previously closed at GBX 49.90.

Analysts Set New Price Targets

Separately, Berenberg Bank raised their price objective on CLS from GBX 70 to GBX 80 and gave the company a "buy" rating in a research report on Monday, January 26th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 75.

CLS Price Performance

The company has a quick ratio of 0.59, a current ratio of 0.29 and a debt-to-equity ratio of 121.99. The firm has a fifty day moving average price of GBX 55.93 and a two-hundred day moving average price of GBX 58.27. The stock has a market capitalization of £184.51 million, a P/E ratio of -3.68 and a beta of 1.03.

CLS (LON:CLI - Get Free Report) last issued its quarterly earnings results on Friday, March 13th. The company reported GBX (12.60) earnings per share for the quarter. CLS had a negative net margin of 36.01% and a negative return on equity of 6.67%. On average, analysts expect that CLS Holdings plc will post 10.0104167 EPS for the current year.

Insider Activity

In other news, insider Johannes Conradi purchased 200,000 shares of the business's stock in a transaction on Friday, March 13th. The stock was acquired at an average cost of GBX 52 per share, for a total transaction of £104,000. 60.56% 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.

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