Celestica (TSE:CLS) Shares Pass Above 50 Day Moving Average – Here’s Why

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$111.77 and traded as high as C$140.58. Celestica shares last traded at C$136.94, with a volume of 1,261,574 shares.

Wall Street Analyst Weigh In

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

Celestica Stock Up 2.2 %

The company has a debt-to-equity ratio of 52.78, a quick ratio of 0.54 and a current ratio of 1.47. The firm has a market capitalization of C$16.24 billion, a P/E ratio of 32.45, a PEG ratio of 0.14 and a beta of 2.23. The business’s fifty day moving average price is C$111.77 and its two-hundred day moving average price is C$85.96.

Insider Activity

In other Celestica news, Director Alok K. Agrawal sold 1,550 shares of Celestica stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of C$119.54, for a total transaction of C$185,293.91. Also, Senior Officer Jason Phillips sold 18,000 shares of the stock in a transaction on 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 have sold a total of 239,854 shares of company stock worth $24,640,647 over the last 90 days. 1.00% of the stock is currently owned by corporate 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.