Celestica (TSE:CLS) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$465.87 and traded as low as C$399.72. Celestica shares last traded at C$407.11, with a volume of 249,331 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently commented on CLS shares. Scotiabank upgraded shares of Celestica to a “strong-buy” rating in a research report on Tuesday, August 11th. UBS Group raised shares of Celestica from a “hold” rating to a “buy” rating and set a C$430.00 price target for the company in a research note on Monday, August 24th. Six analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy” and a consensus price target of C$388.33.

Celestica Trading Up 11.3%

The company has a quick ratio of 0.54, a current ratio of 1.23 and a debt-to-equity ratio of 39.57. The company has a market cap of C$53.92 billion, a price-to-earnings ratio of 44.40, a PEG ratio of 0.14 and a beta of 1.53. The firm has a 50 day moving average price of C$461.32 and a two-hundred day moving average price of C$465.94.

Celestica (TSE:CLS) (NYSE:CLS) last posted its quarterly earnings data on Monday, July 27th. The company reported C$3.61 EPS for the quarter. Celestica had a return on equity of 50.28% and a net margin of 7.15%.The company had revenue of C$6.68 billion for the quarter. As a group, equities analysts forecast that Celestica Inc. will post 5.028804 earnings per share for the current year.

Celestica Company Profile

Celestica is a technology leader dedicated to driving customer success and market advancements. With deep expertise in design, engineering, manufacturing, supply chain, and platform solutions, Celestica enables critical data center infrastructure for AI, cloud and hybrid cloud, and advances technologies in high-growth markets. With a talented team and a strategic global network, Celestica helps its customers achieve competitive advantages.