CLS (LON:CLI) Shares Cross Below 200-Day Moving Average – Time to Sell?

CLS Holdings plc (LON:CLI)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 90.50 ($1.14) and traded as low as GBX 77.80 ($0.98). CLS shares last traded at GBX 78.60 ($0.99), with a volume of 572,462 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and set a GBX 114 ($1.43) target price on shares of CLS in a research report on Monday, September 2nd.

CLS Price Performance

The firm has a market capitalization of £310.38 million, a PE ratio of -150.19 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. The stock has a 50-day moving average price of GBX 88.19 and a 200 day moving average price of GBX 90.35.

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. The company operates in two segments, Investment Properties and Other Investments. It also invests in a hotel and other corporate investments.