Celestica (TSE:CLS) Trading 6.1% Higher – Here’s What Happened

Celestica Inc. (TSE:CLS) (NYSE:CLS) was up 6.1% during mid-day trading on Wednesday . The company traded as high as C$148.16 and last traded at C$144.38. Approximately 232,836 shares traded hands during trading, a decline of 67% from the average daily volume of 698,704 shares. The stock had previously closed at C$136.05.

Analysts Set New Price Targets

A number of research analysts have issued reports on CLS shares. UBS Group raised Celestica to a “hold” rating in a report on Friday, November 22nd. Barclays raised Celestica to a “strong-buy” rating in a report on Tuesday, November 5th.

Celestica Price Performance

The company has a debt-to-equity ratio of 52.78, a quick ratio of 0.54 and a current ratio of 1.47. The company has a 50-day moving average of C$138.58 and a 200-day moving average of C$99.39. The firm has a market capitalization of C$17.09 billion, a price-to-earnings ratio of 34.15, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23.

Insiders Place Their Bets

In other Celestica news, Senior Officer Jason Phillips sold 18,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of C$116.94, for a total transaction of C$2,104,847.21. Also, Director Michael M. Wilson sold 5,100 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$141.77, for a total value of C$723,030.57. Insiders sold a total of 94,354 shares of company stock valued at $10,780,754 in the last quarter. 1.00% of the stock is currently owned by insiders.

Celestica Company Profile

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.