Celestica (TSE:CLS) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Celestica Inc. (TSE:CLSGet Free Report) (NYSE:CLS)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$380.65 and traded as low as C$373.55. Celestica shares last traded at C$373.62, with a volume of 612,917 shares traded.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. TD Securities upgraded shares of Celestica to a “hold” rating in a report on Wednesday, January 21st. Citigroup raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Four analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Strong Buy” and an average price target of C$183.00.

Get Our Latest Report on CLS

Celestica Stock Performance

The company has a market cap of C$43.86 billion, a price-to-earnings ratio of 53.31, a P/E/G ratio of 0.14 and a beta of 1.35. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 51.72. The stock’s 50 day moving average price is C$419.03 and its 200 day moving average price is C$381.64.

Celestica (TSE:CLSGet Free Report) (NYSE:CLS) last released its earnings results on Wednesday, January 28th. The company reported C$2.59 earnings per share (EPS) for the quarter. Celestica had a net margin of 4.08% and a return on equity of 21.24%. The firm had revenue of C$5.02 billion during the quarter. On average, analysts expect that Celestica Inc. will post 5.028804 EPS for the current fiscal year.

About Celestica

(Get Free Report)

Celestica Inc offers supply chain solutions. The firm operates in two segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). ATS segment consists of the ATS end market and is comprised of A&D, Industrial, Energy, HealthTech, and Capital Equipment businesses. Capital Equipment business is comprised of our semiconductor, display, and power & signal distribution equipment businesses. CCS segment that derives majority revenue consists of Communications and Enterprise end markets.

Further Reading

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