Celestica (TSE:CLS) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Celestica Inc. (TSE:CLS) (NYSE:CLS) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$135.47 and traded as high as C$158.43. Celestica shares last traded at C$158.34, with a volume of 773,361 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CLS shares. Argus upgraded Celestica to a “strong-buy” rating in a report on Tuesday, April 29th. Cormark increased their target price on Celestica from C$93.00 to C$137.00 in a report on Thursday, January 30th. Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. BMO Capital Markets decreased their price objective on Celestica from C$140.00 to C$118.00 in a report on Monday, April 28th. Finally, Canaccord Genuity Group decreased their price objective on Celestica from C$138.00 to C$126.00 and set a “buy” rating for the company in a report on Monday, April 28th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$110.50.

Celestica Price Performance

The company has a market cap of C$13.40 billion, a P/E ratio of 36.08, a PEG ratio of 0.14 and a beta of 2.23. The company has a fifty day moving average price of C$123.63 and a two-hundred day moving average price of C$135.47. The company has a debt-to-equity ratio of 51.72, a quick ratio of 0.54 and a current ratio of 1.47.

Celestica Company Profile

Celestica Inc provides 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, new product introduction, engineering services, 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.