Celestica Rises On Unusually High Volume (CLS)

NEW YORK ( TheStreet) -- Celestica (NYSE: CLS) is trading at unusually high volume Friday with 2.2 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up 40 cents (+5.3%) at $8.08 as of 3:45 p.m. ET.

Celestica has a market cap of $1.59 billion and is part of the technology sector and electronics industry. Shares are up 4.6% year to date as of the close of trading on Thursday.

Celestica Inc. provides electronics manufacturing services and solutions to original equipment manufacturers (OEMs) 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 12, above the average electronics industry P/E ratio of 11.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Celestica as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Celestica Ratings Report.

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