Celtic (LON:CCP) Stock Passes Below 200 Day Moving Average - Here's Why

Shares of Celtic plc (LON:CCP - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 161.60 ($2.18) and traded as low as GBX 144 ($1.94). Celtic shares last traded at GBX 159 ($2.14), with a volume of 898 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 208 ($2.80) price objective on shares of Celtic in a research report on Tuesday, February 11th.

Celtic Price Performance

The company has a quick ratio of 0.86, a current ratio of 1.46 and a debt-to-equity ratio of 0.92. The business's 50-day simple moving average is GBX 150.03 and its 200 day simple moving average is GBX 161.81. The firm has a market capitalization of £134.19 million, a P/E ratio of 10.60 and a beta of 0.36.

About Celtic

Celtic plc, through its subsidiary, Celtic F.C. Limited, operates a professional football club in the United Kingdom. The company operates through three segments: Football and Stadium Operations, Merchandising, and Multimedia and Other Commercial Activities. It is involved in the operation of a professional football club covering various activities, including football operations and investment; operation of the Celtic FC Youth Academy; match ticketing; merchandising; partner programs; marketing and brand protection; multimedia; stadium operations; facilities and property; catering and hospitality; public and supporter relations; and human resources.