Celestica (TSE:CLS) Stock Price Passes Above 50-Day Moving Average – What’s Next?

Celestica Inc. (TSE:CLS) (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$118.67 and traded as high as C$137.08. Celestica shares last traded at C$134.80, with a volume of 261,089 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group upgraded shares of Celestica to a “hold” rating in a research note on Friday, November 22nd. Barclays raised shares of Celestica to a “strong-buy” rating in a report on Tuesday, November 5th.

Celestica Stock Performance

The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 52.78. The company has a market capitalization of C$15.73 billion, a P/E ratio of 31.44, a PEG ratio of 0.14 and a beta of 2.23. The company’s 50-day moving average is C$119.72 and its two-hundred day moving average is C$89.01.

Insider Buying and Selling

In other news, Senior Officer Jason Phillips sold 18,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of C$116.94, for a total transaction of C$2,104,847.21. Also, Senior Officer Mandeep Chawla sold 9,704 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of C$119.54, for a total transaction of C$1,160,059.44. Insiders sold 239,854 shares of company stock worth $24,640,647 in the last quarter. 1.00% of the stock is owned by insiders.

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.