NEW YORK ( TheStreet) -- Celestica (NYSE: CLS) is trading at unusually high volume Friday with two million shares changing hands. It is currently at four times its average daily volume and trading down 56 cents (-6.4%) at $8.15 as of 3:32 p.m. ET.

Celestica has a market cap of $1.8 billion and is part of the technology sector and electronics industry. Shares are down 10.2% year to date as of the close of trading on Thursday.

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 24.4, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Celestica as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and increase in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow. You can view the full Celestica Ratings Report.

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