Celestica (TSE:CLS) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Celestica Inc. (TSE:CLS) (NYSE:CLS) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-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 traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. TD Securities raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. TD upgraded Celestica from a “hold” rating to a “buy” rating and increased their price target for the company from C$350.00 to C$430.00 in a research report on Wednesday, April 29th. Finally, Susquehanna upgraded Celestica to a “strong-buy” rating in a report on Wednesday, April 1st. Five equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and an average target price of C$367.50.

Celestica Trading Down 8.7%

The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 36.81. The firm has a market cap of C$49.45 billion, a price-to-earnings ratio of 52.13, a PEG ratio of 0.14 and a beta of 1.64. The company has a 50-day moving average price of C$508.30 and a 200 day moving average price of C$459.90.

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