Celtic (LON:CCP) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Shares of Celtic plc (LON:CCP) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 170.93 ($2.21) and traded as low as GBX 161 ($2.08). Celtic shares last traded at GBX 161 ($2.08), with a volume of 2,285 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 208 ($2.69) target price on shares of Celtic in a report on Tuesday, February 11th.

Celtic Stock Performance

The business’s 50 day simple moving average is GBX 169.78 and its two-hundred day simple moving average is GBX 170.93. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of £142.61 million, a P/E ratio of 11.26 and a beta of 0.36.

Celtic (LON:CCP) last released its quarterly earnings results on Tuesday, February 11th. The company reported GBX 34.70 ($0.45) EPS for the quarter. Celtic had a return on equity of 14.28% and a net margin of 17.19%. Sell-side analysts anticipate that Celtic plc will post 10.6918239 EPS for the current fiscal year.

Celtic Company Profile

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.