Celestica (TSE:CLS) Trading Down 6.5% – Should You Sell?

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s stock price fell 6.5% on Thursday . The stock traded as low as C$116.75 and last traded at C$121.86. 218,578 shares changed hands during trading, a decline of 81% from the average session volume of 1,134,485 shares. The stock had previously closed at C$130.38.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. BMO Capital Markets lifted their price objective on Celestica from C$72.00 to C$140.00 in a report on Thursday, January 30th. Cormark lifted their price objective on Celestica from C$93.00 to C$137.00 in a report on Thursday, January 30th. UBS Group upgraded Celestica to a “hold” rating in a report on Friday, November 22nd. Finally, Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$96.75.

Celestica Price Performance

The company has a debt-to-equity ratio of 51.72, a current ratio of 1.47 and a quick ratio of 0.54. The firm has a market capitalization of C$9.95 billion, a PE ratio of 26.80, a PEG ratio of 0.14 and a beta of 2.23. The firm has a 50-day simple moving average of C$160.37 and a 200-day simple moving average of C$117.01.

Insider Activity

In related news, Senior Officer Mandeep Chawla sold 9,483 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of C$183.66, for a total value of C$1,741,689.20. Also, Director Robert Andrew Mionis sold 20,429 shares of the business’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$3,572,234.80. Insiders have sold a total of 132,714 shares of company stock valued at $23,276,319 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Celestica Company Profile

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.