Celtic (LON:CCP) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Celtic plc (LON:CCP) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 168.98 ($2.19) and traded as low as GBX 165 ($2.14). Celtic shares last traded at GBX 167.25 ($2.17), with a volume of 149 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 208 ($2.70) price objective on shares of Celtic in a research note on Tuesday, February 11th.

Celtic Stock Up 0.4 %

The stock has a market capitalization of £148.14 million, a PE ratio of 11.70 and a beta of 0.36. The firm has a 50 day moving average of GBX 169.51 and a two-hundred day moving average of GBX 168.98. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 0.92.

Celtic (LON:CCP) last released its quarterly earnings data on Tuesday, February 11th. The company reported GBX 34.70 ($0.45) earnings per share for the quarter. Celtic had a return on equity of 14.28% and a net margin of 17.19%. Equities research analysts anticipate that Celtic plc will post 10.6918239 earnings per share for the current year.

About Celtic

Celtic plc, through its subsidiary, Celtic F.C. Limited, operates a professional football club in the United Kingdom. The company operates through three segments: Football and Stadium Operations, Merchandising, and Multimedia and Other Commercial Activities. It is involved in the operation of a professional football club covering various activities, including football operations and investment; operation of the Celtic FC Youth Academy; match ticketing; merchandising; partner programs; marketing and brand protection; multimedia; stadium operations; facilities and property; catering and hospitality; public and supporter relations; and human resources.