Shares of Celestica Inc. (TSE:CLS – Get Free Report) (NYSE:CLS) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$68.04 and traded as low as C$67.45. Celestica shares last traded at C$67.71, with a volume of 523,906 shares trading hands.
Analyst Upgrades and Downgrades
Separately, TD Securities boosted their price objective on Celestica from C$55.00 to C$61.00 and gave the stock a “buy” rating in a research note on Friday, July 26th.
Read Our Latest Research Report on CLS
Celestica Trading Down 1.6 %
Celestica (TSE:CLS – Get Free Report) (NYSE:CLS) last released its earnings results on Wednesday, July 24th. The company reported C$1.17 EPS for the quarter, beating the consensus estimate of C$0.99 by C$0.18. The company had revenue of C$3.27 billion during the quarter, compared to analysts’ expectations of C$3.09 billion. Celestica had a return on equity of 20.99% and a net margin of 4.16%. Equities analysts anticipate that Celestica Inc. will post 5.012709 earnings per share for the current fiscal year.
Insider Transactions at Celestica
In other news, Senior Officer Mandeep Chawla sold 13,700 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of C$76.51, for a total value of C$1,048,187.00. In other news, Senior Officer Mandeep Chawla sold 13,700 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of C$76.51, for a total transaction of C$1,048,187.00. Also, Senior Officer Todd Christopher Cooper sold 22,500 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of C$55.33, for a total value of C$1,244,925.00. Insiders sold a total of 48,700 shares of company stock worth $2,948,737 in the last quarter. 0.99% of the stock is owned by company 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.
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