Celestica (TSE:CLS) Share Price Crosses Below 200 Day Moving Average - Time to Sell?

Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$133.55 and traded as low as C$131.69. Celestica shares last traded at C$134.05, with a volume of 855,265 shares traded.

Wall Street Analysts Forecast Growth

CLS has been the topic of a number of research reports. Argus upgraded Celestica to a "strong-buy" rating in a report on Tuesday, April 29th. Canaccord Genuity Group cut their target price on Celestica from C$138.00 to C$126.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. BMO Capital Markets cut their price objective on Celestica from C$140.00 to C$118.00 in a research report on Monday, April 28th. Cormark lifted their target price on Celestica from C$93.00 to C$137.00 in a research report on Thursday, January 30th. Finally, Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. One analyst has rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Celestica has a consensus rating of "Buy" and an average price target of C$110.50.

Celestica Stock Performance

The stock has a market capitalization of C$13.12 billion, a P/E ratio of 35.33, a P/E/G ratio of 0.14 and a beta of 2.23. The company's 50-day moving average is C$121.54 and its two-hundred day moving average is C$134.74. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 51.72.

About Celestica

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.