Celestica (TSE:CLS) Trading Down 12% – What’s Next?

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) were down 12% during mid-day trading on Monday . The company traded as low as C$142.55 and last traded at C$153.68. Approximately 334,841 shares changed hands during trading, a decline of 35% from the average daily volume of 514,602 shares. The stock had previously closed at C$174.68.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Barclays upgraded Celestica to a “strong-buy” rating in a research note on Tuesday, November 5th. UBS Group upgraded Celestica to a “hold” rating in a report on Friday, November 22nd.

Celestica Stock Down 16.8 %

The firm has a 50 day moving average of C$138.01 and a 200-day moving average of C$98.68. The company has a debt-to-equity ratio of 52.78, a current ratio of 1.47 and a quick ratio of 0.54. The stock has a market capitalization of C$17.23 billion, a P/E ratio of 34.43, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23.

Insider Activity at Celestica

In related news, Director Michael M. Wilson sold 5,100 shares of Celestica stock in a transaction dated Monday, January 6th. The stock was sold at an average price of C$141.77, for a total value of C$723,030.57. Also, Director Leila Wong sold 600 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of C$97.68, for a total value of C$58,605.18. Over the last ninety days, insiders sold 94,954 shares of company stock worth $10,839,359. 1.00% of the stock is owned by corporate insiders.

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.