Celestica (TSE:CLS) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Celestica Inc. (TSE:CLS) (NYSE:CLS) shares 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 trading hands.

Analyst Ratings Changes

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

Celestica Trading Up 2.2 %

The business has a 50 day simple moving average of C$111.77 and a two-hundred day simple moving average of C$85.92. The company has a market cap of C$16.24 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 52.78.

Insider Activity at Celestica

In other news, Director Alok K. Agrawal sold 1,550 shares of the business’s 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$185,293.91. Also, Senior Officer Mandeep Chawla sold 9,704 shares of the stock in a transaction that occurred on 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. Over the last three months, insiders sold 239,854 shares of company stock worth $24,640,647. 1.00% of the stock is owned by company 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.