CLS (LON:CLI) Share Price Passes Above 50 Day Moving Average – Here’s Why

CLS Holdings plc (LON:CLI) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 48.34 and traded as high as GBX 50.20. CLS shares last traded at GBX 49.60, with a volume of 3,553,987 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered their price objective on shares of CLS from GBX 80 to GBX 58 and set a “buy” rating on the stock in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 64.

CLS Price Performance

The firm has a market cap of £191.09 million, a price-to-earnings ratio of -3.81 and a beta of 1.00. The company has a debt-to-equity ratio of 121.99, a quick ratio of 0.59 and a current ratio of 0.29. The business has a 50 day simple moving average of GBX 48.38 and a 200-day simple moving average of GBX 54.30.

Insider Buying and Selling at CLS

In related news, insider Fredrik Widlund bought 100,000 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were bought at an average price of GBX 49 per share, for a total transaction of £49,000. Insiders purchased a total of 120,664 shares of company stock valued at $5,855,068 in the last 90 days. 60.13% of the stock is owned by company insiders.

About CLS

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.