Celestica (TSE:CLS) Stock Price Down 5.2% – Here’s What Happened

Celestica Inc. (TSE:CLS) (NYSE:CLS) shares were down 5.2% on Monday . The company traded as low as C$365.57 and last traded at C$368.50. Approximately 118,977 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 544,351 shares. The stock had previously closed at C$388.66.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CLS. Wolfe Research raised shares of Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th. TD Securities raised shares of Celestica to a “hold” rating in a research note on Wednesday, January 21st. Five analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Celestica presently has a consensus rating of “Strong Buy” and an average target price of C$183.00.

Celestica Price Performance

The company has a current ratio of 1.44, a quick ratio of 0.54 and a debt-to-equity ratio of 35.04. The company has a 50 day simple moving average of C$393.18 and a 200 day simple moving average of C$403.79. The stock has a market cap of C$40.98 billion, a P/E ratio of 49.79, a PEG ratio of 0.14 and a beta of 1.09.

Celestica (TSE:CLS) (NYSE:CLS) last issued its quarterly earnings results on Wednesday, January 28th. The company reported C$2.59 earnings per share for the quarter. The company had revenue of C$5.02 billion during the quarter. Celestica had a net margin of 6.72% and a return on equity of 44.13%. Sell-side analysts forecast that Celestica Inc. will post 5.028804 earnings per share for the current fiscal year.

About Celestica

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.