Celestica (TSE:CLS) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Celestica Inc. (TSE:CLS) (NYSE:CLS) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$126.47 and traded as low as C$105.50. Celestica shares last traded at C$107.17, with a volume of 945,525 shares.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CLS. Cormark upped their price target on Celestica from C$93.00 to C$137.00 in a research report on Thursday, January 30th. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. Finally, BMO Capital Markets boosted their price target on Celestica from C$72.00 to C$140.00 in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$96.75.

Celestica Trading Down 7.5 %

The company has a market cap of C$9.07 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 0.14 and a beta of 2.23. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 51.72. The stock has a 50-day simple moving average of C$142.60 and a 200 day simple moving average of C$126.47.

Insider Buying and Selling

In other Celestica news, Senior Officer Mandeep Chawla sold 9,483 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of C$183.66, for a total transaction of C$1,741,689.20. Also, Director Alok K. Agrawal sold 6,826 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of C$191.50, for a total value of C$1,307,181.11. In the last quarter, insiders have sold 127,614 shares of company stock worth $22,553,289. 1.00% of the stock is owned by company insiders.

Celestica Company Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.