Celtic (LON:CCP) Stock Price Passes Below 200-Day Moving Average - Here's Why

Shares of Celtic plc (LON:CCP - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 165.09 ($2.18) and traded as low as GBX 146.60 ($1.94). Celtic shares last traded at GBX 148.25 ($1.96), with a volume of 1,426 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 208 ($2.75) target price on shares of Celtic in a research report on Tuesday, February 11th.

Celtic Price Performance

The company has a debt-to-equity ratio of 0.92, a current ratio of 1.46 and a quick ratio of 0.86. The stock has a market cap of £127.55 million, a price-to-earnings ratio of 10.08 and a beta of 0.36. The business's 50-day simple moving average is GBX 163.41 and its two-hundred day simple moving average is GBX 164.46.

Celtic (LON:CCP - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported GBX 34.70 ($0.46) earnings per share for the quarter. Celtic had a net margin of 17.19% and a return on equity of 14.28%. Research analysts expect that Celtic plc will post 10.6918239 earnings per share for the current year.

About Celtic

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.