CLS (LON:CLI) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Posted by Matthew Steigler on Oct 23rd, 2024

CLS Holdings plc (LON:CLI – Get Free Report)’s stock price 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.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on CLI

CLS Stock Performance

The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 123.30. The company has a market cap of £391.45 million, a P/E ratio of -186.92 and a beta of 1.01. The company has a 50 day moving average price of GBX 93.34 and a 200-day moving average price of GBX 90.51.

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 paid a dividend of GBX 2.60 ($0.03) per share. This represents a dividend yield of 2.9%. The ex-dividend date was Thursday, September 5th. CLS’s payout ratio is currently -1,538.46%.

CLS Company Profile

(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.