CLS (LON:CLI) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Posted by William Tyler on Nov 2nd, 2024

CLS Holdings plc (LON:CLI – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 91.05 ($1.18) and traded as high as GBX 99 ($1.28). CLS shares last traded at GBX 95.40 ($1.24), with a volume of 106,098 shares traded.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Report on CLI

CLS Stock Performance

The firm’s 50-day moving average price is GBX 94.11 and its two-hundred day moving average price is GBX 91.10. 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 firm has a market capitalization of £363.63 million, a PE ratio of -177.09 and a beta of 1.01.

CLS Cuts Dividend

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