Celestica (TSE:CLS) Sets New 1-Year High – Here’s Why

Celestica Inc. (TSE:CLS) (NYSE:CLS) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$155.13 and last traded at C$154.35, with a volume of 268743 shares changing hands. The stock had previously closed at C$148.00.

Analyst Ratings Changes

Several research firms have recently weighed in on CLS. UBS Group raised shares of Celestica to a “hold” rating in a report on Friday, November 22nd. Barclays raised Celestica to a “strong-buy” rating in a report on Tuesday, November 5th.

Celestica Trading Up 4.0 %

The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 52.78. The business’s fifty day moving average is C$129.60 and its two-hundred day moving average is C$93.62. The firm has a market cap of C$18.25 billion, a price-to-earnings ratio of 36.46, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23.

Insider Activity

In other Celestica news, Director Robert Andrew Mionis sold 150,000 shares of Celestica stock in a transaction on Monday, October 28th. The shares were sold at an average price of C$96.83, for a total transaction of C$14,524,318.50. Also, Director Michael M. Wilson sold 5,100 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of C$141.77, for a total value of C$723,030.57. In the last ninety days, insiders sold 244,954 shares of company stock valued at $25,363,678. Company insiders own 1.00% of the company’s stock.

About Celestica

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.