Celestica (TSE:CLS) Shares Cross Below Two Hundred Day Moving Average of $13.77

Celestica Inc. (TSE:CLSGet Rating) (NYSE:CLS) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$13.77 and traded as low as C$12.01. Celestica shares last traded at C$12.07, with a volume of 358,053 shares.

Analysts Set New Price Targets

Separately, Argus reissued a “buy” rating and issued a C$14.00 price target on shares of Celestica in a report on Thursday, August 18th.

Celestica Stock Performance

The firm has a market cap of C$1.43 billion and a PE ratio of 9.40. The company has a debt-to-equity ratio of 52.59, a current ratio of 1.45 and a quick ratio of 0.59. The stock has a 50-day moving average price of C$13.53 and a 200 day moving average price of C$13.75.

Celestica (TSE:CLSGet Rating) (NYSE:CLS) last announced its quarterly earnings data on Monday, July 25th. The company reported C$0.56 EPS for the quarter, beating analysts’ consensus estimates of C$0.53 by C$0.03. The business had revenue of C$2.19 billion during the quarter, compared to analysts’ expectations of C$2.11 billion. Research analysts forecast that Celestica Inc. will post 2.44 earnings per share for the current year.

Insider Buying and Selling at Celestica

In other Celestica news, Director Robert Andrew Mionis sold 50,000 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of C$14.91, for a total transaction of C$745,684.50. Following the completion of the sale, the director now owns 695,167 shares of the company’s stock, valued at C$10,367,505.14.

Celestica Company Profile

(Get Rating)

Celestica Inc provides hardware platform and supply chain solutions in North America, Europe, and Asia. It operates through two segments, Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, engineering, supply chain management, new product introduction, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.

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