Celestica (TSE:CLS) Hits New 52-Week High – Should You Buy?

Celestica Inc. (TSE:CLS) (NYSE:CLS)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$166.20 and last traded at C$164.41, with a volume of 148559 shares. The stock had previously closed at C$163.86.

Wall Street Analysts Forecast Growth

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

Celestica Stock Up 0.3 %

The business has a 50-day simple moving average of C$132.42 and a 200-day simple moving average of C$95.38. 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 company has a market cap of C$19.50 billion, a price-to-earnings ratio of 38.96, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23.

Insider Activity at Celestica

In other Celestica news, Director Robert Andrew Mionis sold 150,000 shares of Celestica stock in a transaction dated Monday, October 28th. The stock was sold at an average price of C$96.83, for a total transaction of C$14,524,318.50. Also, Director Leila Wong sold 600 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of C$97.68, for a total value of C$58,605.18. Insiders have sold a total of 244,954 shares of company stock valued at $25,363,678 over the last 90 days. 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.