Celestica (TSE:CLS) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Celestica Inc. (TSE:CLSGet Free Report) (NYSE:CLS) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$458.52 and traded as low as C$423.12. Celestica shares last traded at C$426.96, with a volume of 543,164 shares trading hands.

Analyst Ratings Changes

Several research analysts recently commented on the stock. TD raised shares of Celestica from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$350.00 to C$430.00 in a report on Wednesday, April 29th. Susquehanna upgraded Celestica to a “strong-buy” rating in a research report on Wednesday, April 1st. Finally, TD Securities raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Five equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, Celestica presently has an average rating of “Strong Buy” and a consensus price target of C$367.50.

Check Out Our Latest Research Report on Celestica

Celestica Trading Down 9.3%

The company has a debt-to-equity ratio of 36.81, a quick ratio of 0.54 and a current ratio of 1.26. The firm has a market cap of C$49.09 billion, a PE ratio of 51.75, a PEG ratio of 0.14 and a beta of 1.64. The stock’s 50 day simple moving average is C$515.71 and its 200 day simple moving average is C$458.52.

Celestica (TSE:CLSGet Free Report) (NYSE:CLS) last posted its quarterly earnings data on Monday, April 27th. The company reported C$3.00 earnings per share for the quarter. The firm had revenue of C$5.63 billion for the quarter. Celestica had a net margin of 6.95% and a return on equity of 47.41%. On average, sell-side analysts forecast that Celestica Inc. will post 5.028804 earnings per share for the current fiscal year.

Celestica Company Profile

(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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