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

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$531.52 and traded as low as C$509.50. Celestica shares last traded at C$533.43, with a volume of 270,000 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. TD upgraded Celestica from a “hold” rating to a “buy” rating and increased their price target for the company from C$350.00 to C$430.00 in a research note on Wednesday, April 29th. Susquehanna upgraded Celestica to a “strong-buy” rating in a research note on Wednesday, April 1st. Finally, TD Securities upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Five equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Strong Buy” and an average price target of C$367.50.

Celestica Trading Up 1.5%

The stock’s fifty day simple moving average is C$531.52 and its 200-day simple moving average is C$450.58. The firm has a market cap of C$61.33 billion, a PE ratio of 64.66, a PEG ratio of 0.14 and a beta of 1.61. The company has a debt-to-equity ratio of 36.81, a current ratio of 1.26 and a quick ratio of 0.54.

Celestica (TSE:CLS) (NYSE:CLS) last announced its quarterly earnings data on Monday, April 27th. The company reported C$3.00 earnings per share 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 for the quarter. On average, sell-side analysts forecast that Celestica Inc. will post 5.028804 earnings per share for the current 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.