Celestica (TSE:CLS) Reaches New 12-Month High – What’s Next?

Celestica Inc. (TSE:CLS) (NYSE:CLS) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$155.13 and last traded at C$154.35, with a volume of 268743 shares traded. The stock had previously closed at C$148.00.

Wall Street Analyst Weigh In

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

Celestica Trading Up 2.8 %

The company has a market capitalization of C$19.43 billion, a price-to-earnings ratio of 38.83, a P/E/G ratio of 0.14 and a beta of 2.23. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 52.78. The business’s 50 day moving average price is C$130.58 and its two-hundred day moving average price is C$94.16.

Insider Buying and Selling at Celestica

In related 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 Robert Andrew Mionis sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of C$96.83, for a total transaction of C$14,524,318.50. Insiders have sold 244,954 shares of company stock worth $25,363,678 over the last quarter. Corporate 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.