Celestica Inc. (NYSE:CLS – Get Free Report) (TSE:CLS) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 3,220,000 shares, a drop of 7.5% from the August 15th total of 3,480,000 shares. Based on an average daily volume of 2,290,000 shares, the short-interest ratio is currently 1.4 days. Currently, 2.7% of the company’s shares are short sold.
Celestica Stock Up 1.9 %
NYSE CLS traded up $0.89 on Wednesday, hitting $47.88. 872,904 shares of the stock were exchanged, compared to its average volume of 2,272,318. Celestica has a fifty-two week low of $20.87 and a fifty-two week high of $63.49. The company has a 50-day moving average price of $51.15 and a 200-day moving average price of $50.51. The company has a quick ratio of 0.86, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The company has a market cap of $5.69 billion, a PE ratio of 17.54 and a beta of 2.29.
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last issued its earnings results on Wednesday, July 24th. The technology company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.10. Celestica had a net margin of 4.16% and a return on equity of 19.96%. The firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The company’s revenue was up 23.3% compared to the same quarter last year. Sell-side analysts anticipate that Celestica will post 3.22 EPS for the current fiscal year.
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Institutional Investors Weigh In On Celestica
Several hedge funds and other institutional investors have recently made changes to their positions in CLS. Wolff Wiese Magana LLC grew its holdings in shares of Celestica by 32.1% during the second quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock worth $40,000 after purchasing an additional 170 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Celestica in the 4th quarter valued at about $42,000. Naples Money Management LLC grew its stake in Celestica by 90.0% during the 2nd quarter. Naples Money Management LLC now owns 950 shares of the technology company’s stock worth $55,000 after buying an additional 450 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in Celestica during the second quarter worth approximately $59,000. Finally, UMB Bank n.a. acquired a new position in Celestica during the first quarter worth approximately $64,000. Institutional investors and hedge funds own 67.38% 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.
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