Celestica (TSE:CLS) Shares Pass Below 200-Day Moving Average – Should You Sell?

Celestica Inc. (TSE:CLS) (NYSE:CLS) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$380.65 and traded as low as C$373.55. Celestica shares last traded at C$373.62, with a volume of 612,917 shares trading hands.

Analyst Ratings Changes

Several brokerages have recently weighed in on CLS. TD Securities upgraded shares of Celestica to a “hold” rating in a research note on Wednesday, January 21st. The Goldman Sachs Group raised Celestica to a “strong-buy” rating in a research note on Thursday, October 16th. Finally, Citigroup raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. Four investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy” and an average price target of C$183.00.

Celestica Stock Performance

The company has a debt-to-equity ratio of 51.72, a current ratio of 1.47 and a quick ratio of 0.54. The stock’s 50-day moving average is C$420.38 and its 200 day moving average is C$380.65. The stock has a market cap of C$42.93 billion, a price-to-earnings ratio of 52.18, a P/E/G ratio of 0.14 and a beta of 1.35.

Celestica (TSE:CLS) (NYSE:CLS) last posted its quarterly earnings results on Wednesday, January 28th. The company reported C$2.59 EPS for the quarter. Celestica had a return on equity of 21.24% and a net margin of 4.08%.The business had revenue of C$5.02 billion during the quarter. As a group, analysts predict that Celestica Inc. will post 5.028804 earnings per share 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.