Celestica (TSE:CLS) Reaches New 12-Month Low – Time to Sell?

Celestica Inc. (TSE:CLS) (NYSE:CLS) reached a new 52-week low during trading on Monday . The company traded as low as C$0.01 and last traded at C$138.66, with a volume of 1029432 shares traded. The stock had previously closed at C$154.49.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CLS. UBS Group raised Celestica to a “hold” rating in a report on Friday, November 22nd. BMO Capital Markets boosted their target price on Celestica from C$72.00 to C$140.00 in a research report on Thursday, January 30th. Barclays raised Celestica to a “strong-buy” rating in a research note on Tuesday, November 5th. Cormark upped their price objective on shares of Celestica from C$93.00 to C$137.00 in a research note on Thursday, January 30th. Finally, Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$96.75.

Celestica Trading Down 12.9 %

The company has a debt-to-equity ratio of 51.72, a quick ratio of 0.54 and a current ratio of 1.47. The firm has a market cap of C$11.38 billion, a P/E ratio of 30.64, a PEG ratio of 0.14 and a beta of 2.23. The company has a 50 day moving average of C$160.87 and a 200 day moving average of C$115.57.

Insider Activity

In other news, Director Alok K. Agrawal sold 1,763 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of C$183.66, for a total value of C$323,800.28. Also, Senior Officer Mandeep Chawla sold 87,341 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of C$174.86, for a total value of C$15,272,532.16. In the last ninety days, insiders have sold 132,714 shares of company stock worth $23,276,319. 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.