Celestica (TSE:CLS) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$459.90 and traded as low as C$428.39. Celestica shares last traded at C$430.07, with a volume of 401,307 shares.

Wall Street Analysts Forecast Growth

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

Celestica Stock Performance

The company has a market capitalization of C$49.45 billion, a P/E ratio of 52.13, a P/E/G ratio of 0.14 and a beta of 1.64. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 36.81. The company’s fifty day moving average is C$508.30 and its 200 day moving average is C$459.90.

Celestica (TSE:CLS) (NYSE:CLS) last issued its earnings results on Monday, April 27th. The company reported C$3.00 earnings per share (EPS) for the quarter. Celestica had a net margin of 6.95% and a return on equity of 47.41%. The business had revenue of C$5.63 billion for the quarter. As a group, equities analysts anticipate that Celestica Inc. will post 5.028804 earnings per share for the current year.

Celestica Company Profile

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.