Celtic (LON:CCP) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Celtic plc (LON:CCP) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 166.30 ($2.16) and traded as low as GBX 153 ($1.99). Celtic shares last traded at GBX 158.40 ($2.06), with a volume of 17,767 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 208 ($2.70) price objective on shares of Celtic in a research note on Tuesday, February 11th.

Celtic Stock Performance

The company has a market capitalization of £140.31 million, a P/E ratio of 11.08 and a beta of 0.36. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.46 and a quick ratio of 0.86. The company has a fifty day moving average price of GBX 168.51 and a two-hundred day moving average price of GBX 166.30.

Celtic (LON:CCP) last announced its quarterly earnings data on Tuesday, February 11th. The company reported GBX 34.70 ($0.45) EPS for the quarter. Celtic had a net margin of 17.19% and a return on equity of 14.28%. Equities analysts forecast that Celtic plc will post 10.6918239 earnings per share for the current fiscal year.

About Celtic

Celtic plc, through its subsidiary, Celtic F.C. Limited, operates a professional football club in the United Kingdom. The company operates through three segments: Football and Stadium Operations, Merchandising, and Multimedia and Other Commercial Activities. It is involved in the operation of a professional football club covering various activities, including football operations and investment; operation of the Celtic FC Youth Academy; match ticketing; merchandising; partner programs; marketing and brand protection; multimedia; stadium operations; facilities and property; catering and hospitality; public and supporter relations; and human resources.