Celestica (TSE:CLS) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$392.39 and traded as low as C$352.83. Celestica shares last traded at C$369.19, with a volume of 384,596 shares.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CLS. Citigroup upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. Wolfe Research raised Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. Finally, TD Securities upgraded Celestica to a “hold” rating in a research note on Wednesday, January 21st. Five equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and a consensus price target of C$183.00.

Celestica Trading Up 5.1%

The stock has a market cap of C$42.42 billion, a P/E ratio of 51.56, a P/E/G ratio of 0.14 and a beta of 1.35. The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.54 and a current ratio of 1.44. The stock’s fifty day moving average is C$408.33 and its 200 day moving average is C$392.39.

Celestica (TSE:CLS) (NYSE:CLS) last issued its quarterly earnings data on Wednesday, January 28th. The company reported C$2.59 earnings per share (EPS) for the quarter. The business had revenue of C$5.02 billion for the quarter. Celestica had a return on equity of 44.13% and a net margin of 6.72%. As a group, equities research analysts predict that Celestica Inc. will post 5.028804 earnings per share for the current fiscal year.

About Celestica

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.