CLS (LON:CLI) Stock Price Passes Above 200 Day Moving Average – What’s Next?

by · The Cerbat Gem

Shares of CLS Holdings plc (LON:CLI – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 90.51 ($1.18) and traded as high as GBX 98.70 ($1.28). CLS shares last traded at GBX 98.70 ($1.28), with a volume of 487,847 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 114 ($1.48) price objective on shares of CLS in a research report on Monday, September 2nd.

View Our Latest Report on CLI

CLS Trading Down 0.6 %

The company has a market cap of £389.06 million, a price-to-earnings ratio of -189.42 and a beta of 1.01. The firm has a 50 day moving average price of GBX 93.43 and a two-hundred day moving average price of GBX 90.57. The company has a quick ratio of 0.59, a current ratio of 0.73 and a debt-to-equity ratio of 123.30.

CLS Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Thursday, September 5th were paid a GBX 2.60 ($0.03) dividend. The ex-dividend date was Thursday, September 5th. This represents a dividend yield of 2.9%. CLS’s payout ratio is -1,538.46%.

About CLS

(Get Free Report)

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.

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