Celestica Inc. (NYSE:CLS – Get Free Report) (TSE:CLS) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 3,140,000 shares, a decrease of 10.5% from the September 15th total of 3,510,000 shares. Based on an average daily trading volume, of 2,180,000 shares, the days-to-cover ratio is currently 1.4 days. Approximately 2.7% of the company’s stock are sold short.
Celestica Stock Performance
Shares of NYSE:CLS traded down $0.25 during trading on Thursday, hitting $58.17. The stock had a trading volume of 2,143,232 shares, compared to its average volume of 2,237,226. The stock has a 50-day simple moving average of $51.10 and a two-hundred day simple moving average of $51.70. The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of 21.71 and a beta of 2.28. Celestica has a 12-month low of $20.87 and a 12-month high of $64.56. The company has a quick ratio of 0.86, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.81 by $0.10. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Celestica had a net margin of 4.16% and a return on equity of 19.96%. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 EPS. On average, equities research analysts expect that Celestica will post 3.22 earnings per share for the current fiscal year.
Analyst Ratings Changes
Get Our Latest Stock Report on CLS
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Optimum Investment Advisors raised its stake in shares of Celestica by 66.7% during the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. UMB Bank n.a. acquired a new stake in Celestica during the third quarter worth about $34,000. Wolff Wiese Magana LLC raised its position in Celestica by 32.1% during the second quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock valued at $40,000 after acquiring an additional 170 shares in the last quarter. Naples Money Management LLC raised its position in Celestica by 90.0% during the second quarter. Naples Money Management LLC now owns 950 shares of the technology company’s stock valued at $55,000 after acquiring an additional 450 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in Celestica in the second quarter valued at approximately $59,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.
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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