Celestica (TSE:CLS) Stock Passes Below 200-Day Moving Average – What’s Next?

Celestica Inc. (TSE:CLS) (NYSE:CLS) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$399.87 and traded as low as C$364.21. Celestica shares last traded at C$369.27, with a volume of 847,415 shares traded.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CLS. Wolfe Research raised Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. TD Securities raised Celestica to a “hold” rating in a research note on Wednesday, January 21st. Five analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Strong Buy” and an average price target of C$183.00.

Celestica Stock Performance

The company has a quick ratio of 0.54, a current ratio of 1.44 and a debt-to-equity ratio of 35.04. The company has a market cap of C$42.45 billion, a PE ratio of 51.57, a P/E/G ratio of 0.14 and a beta of 1.09. The business’s fifty day moving average is C$397.20 and its 200-day moving average is C$399.87.

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. Celestica had a net margin of 6.72% and a return on equity of 44.13%. The firm had revenue of C$5.02 billion during the quarter. As a group, research analysts predict that Celestica Inc. will post 5.028804 EPS 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.