Celestica (TSE:CLS) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$399.87 and traded as low as C$364.21. Celestica shares last traded at C$369.27, with a volume of 847,415 shares.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CLS. TD Securities upgraded Celestica to a “hold” rating in a report on Wednesday, January 21st. Wolfe Research raised Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th. Five investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Strong Buy” and an average price target of C$183.00.

Celestica Stock Down 5.5%

The stock has a market cap of C$42.45 billion, a P/E ratio of 51.57, a P/E/G ratio of 0.14 and a beta of 1.09. The company has a quick ratio of 0.54, a current ratio of 1.44 and a debt-to-equity ratio of 35.04. The company has a 50-day simple moving average of C$397.20 and a two-hundred day simple moving average of C$399.87.

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