Celestica (TSE:CLS) Trading Down 3.7% – Time to Sell?

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s share price traded down 3.7% during trading on Wednesday . The company traded as low as C$116.52 and last traded at C$117.45. 206,140 shares were traded during trading, a decline of 68% from the average session volume of 652,633 shares. The stock had previously closed at C$121.98.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group upgraded shares of Celestica to a “hold” rating in a research report on Friday, November 22nd. Barclays upgraded shares of Celestica to a “strong-buy” rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$44.00.

Celestica Price Performance

The company’s 50-day moving average is C$92.98 and its 200-day moving average is C$79.69. The company has a debt-to-equity ratio of 52.78, a current ratio of 1.47 and a quick ratio of 0.54. The firm has a market capitalization of C$14.10 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 0.14 and a beta of 2.23.

Insider Buying and Selling

In other Celestica news, Senior Officer Jason Phillips sold 18,000 shares of Celestica stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of C$116.94, for a total transaction of C$2,104,847.21. Also, Director Leila Wong sold 600 shares of Celestica stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of C$97.68, for a total transaction of C$58,605.18. Over the last three months, insiders have sold 228,600 shares of company stock valued at $23,295,294. 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.