Celestica (TSE:CLS) Stock Price Crosses Below 200-Day Moving Average of $68.52

Celestica Inc. (TSE:CLS) (NYSE:CLS) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$68.52 and traded as low as C$60.90. Celestica shares last traded at C$63.03, with a volume of 1,011,245 shares changing hands.

Analyst Upgrades and Downgrades

Separately, TD Securities lifted their price target on Celestica from C$55.00 to C$61.00 and gave the company a “buy” rating in a research note on Friday, July 26th.

Celestica Stock Down 10.2 %

The stock has a 50-day simple moving average of C$72.46 and a 200-day simple moving average of C$68.49. The company has a market cap of C$6.60 billion, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 0.14 and a beta of 2.26. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 52.78.

Celestica (TSE:CLS) (NYSE:CLS) last issued its quarterly earnings data on Wednesday, July 24th. The company reported C$1.17 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.99 by C$0.18. The business had revenue of C$3.27 billion for the quarter, compared to the consensus estimate of C$3.09 billion. Celestica had a return on equity of 20.99% and a net margin of 4.16%. As a group, analysts predict that Celestica Inc. will post 4.9888971 EPS for the current year.

Insiders Place Their Bets

In other Celestica news, Senior Officer Mandeep Chawla sold 13,700 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of C$76.51, for a total value of C$1,048,187.00. Company insiders own 0.99% 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.