Is Selling Celestica Inc Here a Winning Strategy?

 Is Selling Celestica Inc Here a Winning Strategy?

The stock of Celestica Inc (TSE:CLS) is a huge mover today! About 44,982 shares traded hands. Celestica Inc (TSE:CLS) has declined 5.59% since March 14, 2016 and is downtrending. It has underperformed by 11.14% the S&P500.
The move comes after 9 months negative chart setup for the $1.63B company. It was reported on Oct, 19 by Barchart.com. We have $12.81 PT which if reached, will make TSE:CLS worth $81.50M less.

Celestica Inc (TSE:CLS) Ratings Coverage

Out of 2 analysts covering Celestica Inc. (TSE:CLS), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Celestica Inc. has been the topic of 4 analyst reports since July 28, 2015 according to StockzIntelligence Inc.

Another recent and important Celestica Inc (TSE:CLS) news was published by Quotes.Wsj.com which published an article titled: “Celestica Inc. CLS (US: NYSE)” on February 13, 2011.

Celestica Inc. is a provider of supply chain solutions in the communications, consumer, diversified, servers and storage end markets. The company has a market cap of $1.63 billion. The Firm operates in electronics manufacturing services business segment. It has a 17.74 P/E ratio. The Firm offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services.

CLS.TO Company Profile

Celestica Inc., incorporated on September 27, 1996, is a well-known provider of supply chain solutions in the communications, consumer, diversified, servers and storage end markets. The Firm operates in electronics manufacturing services business segment. The Firm offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services. The Company’s services and products serve a range of applications, including servers; networking and telecommunications equipment; storage systems; optical equipment; aerospace and defense electronics; healthcare products and applications; semiconductor equipment, and a range of industrial and alternative energy products, including solar panels and inverters.

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