Celestica (TSE:CLS) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$135.47 and traded as high as C$158.43. Celestica shares last traded at C$158.34, with a volume of 773,361 shares changing hands.

Analyst Ratings Changes

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

Celestica Stock Down 1.0%

The business has a fifty day simple moving average of C$124.22 and a two-hundred day simple moving average of C$136.43. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 51.72. The company has a market capitalization of C$13.26 billion, a price-to-earnings ratio of 35.72, a P/E/G ratio of 0.14 and a beta of 2.23.

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.