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

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s share price fell 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 changed hands during mid-day trading, a decline of 68% from the average session volume of 652,633 shares. The stock had previously closed at C$121.98.

Analysts Set New Price Targets

A number of research firms have recently commented on CLS. Barclays raised Celestica to a “strong-buy” rating in a report on Tuesday, November 5th. UBS Group raised Celestica to a “hold” rating in a report on Friday, November 22nd. Two 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$44.00.

Celestica Stock Down 5.4 %

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

Insider Activity at Celestica

In other Celestica news, Director Robert Andrew Mionis sold 150,000 shares of the firm’s stock in a transaction dated 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 firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of C$97.68, for a total value of C$58,605.18. Over the last quarter, insiders sold 228,600 shares of company stock valued at $23,295,294. Company insiders own 1.00% of the company’s stock.

About Celestica

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.