Celestica (TSE:CLS) Stock Crosses Below 200-Day Moving Average - Should You Sell?

Celestica Inc. (TSE:CLS - Get Free Report) NYSE: CLS's stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$125.02 and traded as low as C$110.43. Celestica shares last traded at C$117.93, with a volume of 573,402 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CLS shares. Cormark upped their price target on shares of Celestica from C$93.00 to C$137.00 in a research report on Thursday, January 30th. BMO Capital Markets upped their target price on shares of Celestica from C$72.00 to C$140.00 in a report on Thursday, January 30th. Finally, Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Celestica has an average rating of "Buy" and an average target price of C$96.75.

Celestica Stock Performance

The company has a market cap of C$8.48 billion, a P/E ratio of 22.83, a PEG ratio of 0.14 and a beta of 2.23. The business's 50 day simple moving average is C$147.94 and its 200 day simple moving average is C$125.81. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 51.72.

Insider Activity at Celestica

In related news, Director Alok K. Agrawal sold 6,826 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of C$191.50, for a total value of C$1,307,181.11. Also, Senior Officer Mandeep Chawla sold 87,341 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of C$174.86, for a total value of C$15,272,532.16. In the last quarter, insiders have sold 127,614 shares of company stock worth $22,553,289. 1.00% of the stock is 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.