Celestica (TSE:CLS) Stock Crosses Below Fifty Day Moving Average of $8.94

Celestica Inc (TSE:CLS) (NYSE:CLS)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $8.94 and traded as low as $8.99. Celestica shares last traded at $9.04, with a volume of 30,930 shares traded.

Separately, Beacon Securities lowered Celestica from a “buy” rating to a “hold” rating in a research report on Friday, April 26th.

The firm has a market capitalization of $1.15 billion and a P/E ratio of 8.09. The company has a current ratio of 1.83, a quick ratio of 1.02 and a debt-to-equity ratio of 57.05. The company has a 50-day moving average of C$8.94 and a 200-day moving average of C$10.12.

Celestica (TSE:CLS) (NYSE:CLS) last announced its earnings results on Wednesday, July 24th. The company reported C($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.22) by C$0.15. The company had revenue of C$1.93 billion for the quarter, compared to the consensus estimate of C$1.95 billion. Research analysts predict that Celestica Inc will post 1.2600001 EPS for the current year.

Celestica Company Profile (TSE:CLS)

Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. It operates through two segments, Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of services, including design and development, engineering, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.

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