CLS (LON:CLI) Shares Pass Below 200-Day Moving Average of $96.49

CLS Holdings plc (LON:CLI - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 96.49 ($1.22) and traded as low as GBX 82.40 ($1.04). CLS shares last traded at GBX 83 ($1.05), with a volume of 273,118 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 114 ($1.44) target price on shares of CLS in a report on Tuesday, March 12th.

CLS Stock Performance

The company has a debt-to-equity ratio of 115.59, a quick ratio of 0.59 and a current ratio of 0.99. The company has a market cap of £329.85 million, a P/E ratio of -131.75 and a beta of 0.96. The stock has a 50-day moving average of GBX 90.49 and a two-hundred day moving average of GBX 96.20.

CLS Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, May 2nd. Shareholders of record on Thursday, March 21st will be issued a GBX 5.35 ($0.07) dividend. This is a positive change from CLS's previous dividend of $2.60. The ex-dividend date of this dividend is Thursday, March 21st. This represents a dividend yield of 5.82%. CLS's dividend payout ratio (DPR) is presently -1,269.84%.

About CLS

CLS Holdings plc, together with its subsidiaries, engages in the investment, development, and management of commercial properties in the United Kingdom, Germany, and France. It operates in two segments, Investment Properties and Other Investments. The company also invests in a hotel; and other corporate investments, as well as rents office buildings.