Celestica (TSE:CLS) Trading Down 3.7% – Should You Sell?

Celestica Inc. (TSE:CLS) (NYSE:CLS) shares traded down 3.7% during trading on Wednesday . The stock 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 Ratings Changes

Several brokerages have weighed in on CLS. Barclays raised Celestica to a “strong-buy” rating in a report on Tuesday, November 5th. UBS Group upgraded shares of Celestica to a “hold” rating in a research note on Friday, November 22nd. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and an average target price of C$44.00.

Celestica Trading Down 5.4 %

The stock has a market capitalization of C$13.69 billion, a PE ratio of 27.08, a P/E/G ratio of 0.14 and a beta of 2.23. The firm has a 50 day moving average price of C$90.75 and a 200 day moving average price of C$79.05. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 52.78.

Insider Transactions at Celestica

In related news, Director Robert Andrew Mionis sold 150,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of C$96.83, for a total transaction of C$14,524,318.50. Also, Director Leila Wong sold 600 shares of the 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 value of C$58,605.18. Insiders sold a total of 228,600 shares of company stock valued at $23,295,294 over the last ninety days. 1.00% of the stock is currently owned by insiders.

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.