Celestica (TSE:CLS) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$467.73 and traded as low as C$455.18. Celestica shares last traded at C$460.18, with a volume of 478,748 shares traded.

Analyst Ratings Changes

Several research firms recently commented on CLS. UBS Group upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a C$430.00 price objective on the stock in a research report on Monday, August 24th. Scotiabank upgraded shares of Celestica to a “strong-buy” rating in a report on Tuesday, August 11th. Six research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Celestica has a consensus rating of “Strong Buy” and a consensus price target of C$388.33.

Celestica Trading Up 6.6%

The company has a current ratio of 1.23, a quick ratio of 0.54 and a debt-to-equity ratio of 39.57. The business has a 50 day moving average of C$454.58 and a 200-day moving average of C$468.16. The stock has a market cap of C$60.56 billion, a PE ratio of 49.87, a price-to-earnings-growth ratio of 0.14 and a beta of 1.48.

Celestica (TSE:CLS) (NYSE:CLS) last released its quarterly earnings results on Monday, July 27th. The company reported C$3.61 earnings per share for the quarter. Celestica had a return on equity of 50.28% and a net margin of 7.15%.The company had revenue of C$6.68 billion during the quarter. On average, analysts anticipate that Celestica Inc. will post 5.028804 EPS for the current year.

Celestica Company Profile

Celestica is a technology leader dedicated to driving customer success and market advancements. With deep expertise in design, engineering, manufacturing, supply chain, and platform solutions, Celestica enables critical data center infrastructure for AI, cloud and hybrid cloud, and advances technologies in high-growth markets. With a talented team and a strategic global network, Celestica helps its customers achieve competitive advantages.