Celestica (TSE:CLS) Shares Cross Above 50-Day Moving Average – Time to Sell?

Celestica Inc. (TSE:CLS) (NYSE:CLS) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$81.16 and traded as high as C$116.20. Celestica shares last traded at C$115.75, with a volume of 795,005 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have commented on CLS shares. TD Securities raised their price objective on Celestica from C$55.00 to C$61.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Barclays upgraded Celestica to a “strong-buy” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$44.00.

Celestica Trading Up 2.1 %

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 stock has a market cap of C$13.73 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23. The stock has a 50-day moving average of C$81.16 and a 200 day moving average of C$75.51.

Insider Activity

In related news, Director Leila Wong sold 600 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of C$97.68, for a total transaction of C$58,605.18. Also, Senior Officer Jason Phillips sold 18,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of C$116.94, for a total transaction of C$2,104,847.21. Insiders sold a total of 228,600 shares of company stock valued at $23,295,294 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Celestica Company Profile

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.