Celestica (TSE:CLS) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$311.78 and traded as high as C$368.80. Celestica shares last traded at C$341.62, with a volume of 784,750 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. TD Securities raised shares of Celestica to a “hold” rating in a report on Friday, October 3rd. Citigroup raised shares of Celestica to a “hold” rating in a report on Monday, July 21st. Four equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$127.00.

Celestica Stock Down 6.3%

The business’s fifty day moving average price is C$311.78 and its 200 day moving average price is C$218.72. The company has a market capitalization of C$39.30 billion, a P/E ratio of 74.43, a P/E/G ratio of 0.14 and a beta of 1.52. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 51.72.

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.