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NEW YORK (

TheStreet

) --

Celestica

(NYSE:

CLS

) hit a new 52-week high Thursday as it traded at $11.99 compared with its previous 52-Week high of $11.87. Celestica is changing hands at $11.84 with 135,006 shares traded as of 9:40 a.m. ET. Average volume has been 734,500 shares over the past 30 days.

Celestica has a market cap of $2.4 billion and is part of the

technology

sector and

electronics

TheStreet Recommends

industry. Shares are up 17.1% year to date as of the close of trading on Wednesday.

Celestica Inc. provides electronics manufacturing services and solutions to original equipment manufacturers in the consumer, communications, enterprise computing, industrial, aerospace and defense, healthcare, and green technology sectors in Asia, the Americas, and Europe. The company has a P/E ratio of 13.3, below the average electronics industry P/E ratio of 32.3 and below the S&P 500 P/E ratio of 22.7.

TheStreet Ratings rates Celestica as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins. You can view the full

Celestica Ratings Report

.

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