Celestica (TSE:CLS) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$459.90 and traded as low as C$428.39. Celestica shares last traded at C$430.07, with a volume of 401,307 shares traded.

Analyst Ratings Changes

Several research firms have issued reports on CLS. TD Securities upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. TD raised Celestica from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$350.00 to C$430.00 in a report on Wednesday, April 29th. Finally, Susquehanna upgraded Celestica to a “strong-buy” rating in a research note on Wednesday, April 1st. Five investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Strong Buy” and a consensus price target of C$367.50.

Celestica Stock Down 8.7%

The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 36.81. The firm has a 50 day moving average of C$508.30 and a two-hundred day moving average of C$459.90. The firm has a market capitalization of C$49.45 billion, a price-to-earnings ratio of 52.13, a price-to-earnings-growth ratio of 0.14 and a beta of 1.64.

Celestica (TSE:CLS) (NYSE:CLS) last posted its earnings results on Monday, April 27th. The company reported C$3.00 EPS for the quarter. Celestica had a net margin of 6.95% and a return on equity of 47.41%. The firm had revenue of C$5.63 billion during the quarter. As a group, sell-side analysts anticipate that Celestica Inc. will post 5.028804 EPS for the current fiscal year.

Celestica Company Profile

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.