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

Key Points

• Celestica Inc. shares crossed above the 50-day moving average of C$311.78, reaching a high of C$368.80 during trading.
• Analysts have mixed ratings on Celestica, with a consensus of "Buy" and an average price target of C$127.00 despite recent downward movement in stock price.
• The company, which focuses on supply chain solutions, has a market capitalization of C$39.30 billion and notable financial ratios, including a P/E ratio of 74.43.

Celestica Inc. (TSE:CLS - Get Free Report) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.