Celestica (TSE:CLS) Hits New 1-Year High – Time to Buy?

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$140.43 and last traded at C$137.91, with a volume of 929145 shares traded. The stock had previously closed at C$129.42.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Barclays upgraded shares of Celestica to a “strong-buy” rating in a research report on Tuesday, November 5th. UBS Group raised shares of Celestica to a “hold” rating in a research report on Friday, November 22nd.

Celestica Trading Up 8.7 %

The firm has a market cap of C$16.68 billion, a PE ratio of 32.52, a P/E/G ratio of 0.14 and a beta of 2.23. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 52.78. The firm has a 50 day moving average of C$103.67 and a 200 day moving average of C$83.37.

Insider Buying and Selling at Celestica

In other Celestica news, Director Robert Andrew Mionis sold 150,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of C$96.83, for a total value of C$14,524,318.50. Also, Director Leila Wong sold 600 shares of Celestica stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of C$97.68, for a total transaction of C$58,605.18. Insiders sold a total of 239,854 shares of company stock valued at $24,640,647 in the last three months. 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.