Celestica (TSE:CLS) Shares Down 12% – Here’s What Happened

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) traded down 12% on Monday . The stock traded as low as C$142.55 and last traded at C$153.68. 334,841 shares traded hands during trading, a decline of 35% from the average session volume of 514,602 shares. The stock had previously closed at C$174.68.

Analyst Upgrades and Downgrades

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

Celestica Stock Up 8.2 %

The company has a market capitalization of C$16.14 billion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 52.78. The business has a 50-day moving average price of C$138.21 and a 200-day moving average price of C$99.00.

Insiders Place Their Bets

In related news, Director Robert Andrew Mionis sold 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of C$110.13, for a total value of C$6,607,522.80. Also, Senior Officer Jason Phillips sold 18,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of C$116.94, for a total transaction of C$2,104,847.21. In the last quarter, insiders have sold 94,354 shares of company stock worth $10,780,754. Company insiders own 1.00% of the company’s stock.

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.