Celestica (TSE:CLS) Trading 6.1% Higher – Here’s What Happened

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s stock price traded up 6.1% on Wednesday . The stock traded as high as C$148.16 and last traded at C$144.38. 232,836 shares traded hands during trading, a decline of 67% from the average session volume of 698,704 shares. The stock had previously closed at C$136.05.

Analysts Set New Price Targets

Several equities 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 note on Friday, November 22nd.

Celestica Stock Up 5.9 %

The business’s 50-day moving average price is C$138.58 and its 200-day moving average price is C$99.39. 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 market capitalization of C$17.09 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23.

Insider Transactions at Celestica

In other Celestica news, Director Robert Andrew Mionis sold 60,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of C$110.13, for a total transaction of C$6,607,522.80. Also, Director Michael M. Wilson sold 5,100 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of C$141.77, for a total value of C$723,030.57. Insiders sold 94,354 shares of company stock valued at $10,780,754 over the last three months. 1.00% of the stock is owned by corporate 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.