Celestica (TSE:CLS) Sets New 1-Year High – What’s Next?

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) hit a new 52-week high during trading on Monday . The stock traded as high as C$144.78 and last traded at C$142.65, with a volume of 304644 shares traded. The stock had previously closed at C$139.95.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CLS shares. Barclays upgraded Celestica to a “strong-buy” rating in a research note on Tuesday, November 5th. UBS Group upgraded Celestica to a “hold” rating in a report on Friday, November 22nd.

Celestica Trading Up 4.6 %

The firm has a market cap of C$17.48 billion, a P/E ratio of 34.93, a P/E/G ratio of 0.14 and a beta of 2.23. The company has a debt-to-equity ratio of 52.78, a quick ratio of 0.54 and a current ratio of 1.47. The firm has a fifty day moving average of C$124.61 and a 200-day moving average of C$91.22.

Insiders Place Their Bets

In other Celestica news, Director Robert Andrew Mionis sold 150,000 shares of the firm’s stock in a transaction dated 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. Also, Director Michael M. Wilson sold 5,100 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$141.77, for a total transaction of C$723,030.57. In the last 90 days, insiders sold 244,954 shares of company stock worth $25,363,678. 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.