Celtic (LON:CCP) Share Price Passes Below 200-Day Moving Average – Here’s Why

Shares of Celtic plc (LON:CCP) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 163.95 ($2.18) and traded as low as GBX 140 ($1.86). Celtic shares last traded at GBX 140 ($1.86), with a volume of 10,445 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 208 ($2.77) price objective on shares of Celtic in a research report on Tuesday, February 11th.

Celtic Price Performance

The company has a debt-to-equity ratio of 0.92, a current ratio of 1.46 and a quick ratio of 0.86. The company has a market cap of £124.01 million, a PE ratio of 9.80 and a beta of 0.36. The company has a 50-day moving average price of GBX 161.90 and a two-hundred day moving average price of GBX 163.89.

Celtic (LON:CCP) last released its quarterly earnings results on Tuesday, February 11th. The company reported GBX 34.70 ($0.46) EPS for the quarter. Celtic had a return on equity of 14.28% and a net margin of 17.19%. Sell-side analysts expect that Celtic plc will post 10.6918239 earnings per share for the current fiscal year.

Celtic Company Profile

Celtic plc, through its subsidiary, Celtic F.C. Limited, operates a professional football club in the United Kingdom. The company operates through three segments: Football and Stadium Operations, Merchandising, and Multimedia and Other Commercial Activities. It is involved in the operation of a professional football club covering various activities, including football operations and investment; operation of the Celtic FC Youth Academy; match ticketing; merchandising; partner programs; marketing and brand protection; multimedia; stadium operations; facilities and property; catering and hospitality; public and supporter relations; and human resources.