CLS (LON:CLI) Stock Price Down 7.1% – Here’s Why
by Michael Walen · The Markets DailyCLS Holdings plc (LON:CLI – Get Free Report)’s share price traded down 7.1% on Thursday . The stock traded as low as GBX 46 and last traded at GBX 46.35. 1,397,200 shares changed hands during mid-day trading, an increase of 17% from the average session volume of 1,198,004 shares. The stock had previously closed at GBX 49.90.
Analyst Ratings Changes
Separately, Berenberg Bank upped their price target on shares of CLS from GBX 70 to GBX 80 and gave the company a “buy” rating in a report on Monday, January 26th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, CLS has an average rating of “Moderate Buy” and an average target price of GBX 75.
Read Our Latest Stock Report on CLI
CLS Stock Performance
The stock’s 50-day moving average price is GBX 55.63 and its 200 day moving average price is GBX 58.19. The company has a debt-to-equity ratio of 121.99, a current ratio of 0.29 and a quick ratio of 0.59. The firm has a market cap of £189.91 million, a P/E ratio of -3.79 and a beta of 1.03.
CLS (LON:CLI – Get Free Report) last announced its quarterly earnings data on Friday, March 13th. The company reported GBX (12.60) EPS for the quarter. CLS had a negative return on equity of 6.67% and a negative net margin of 36.01%. As a group, equities analysts predict that CLS Holdings plc will post 10.0104167 EPS for the current year.
Insider Activity at CLS
In other CLS news, insider Johannes Conradi acquired 200,000 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were acquired at an average price of GBX 52 per share, with a total value 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.