Celtic (LON:CCP) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of Celtic plc (LON:CCP) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 168.98 ($2.20) and traded as low as GBX 165 ($2.15). Celtic shares last traded at GBX 167.25 ($2.18), with a volume of 149 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 208 ($2.71) price target on shares of Celtic in a research note on Tuesday, February 11th.

Celtic Stock Down 3.0 %

The company has a market capitalization of £141.72 million, a PE ratio of 11.19 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 50-day moving average of GBX 169.46 and a two-hundred day moving average of GBX 168.73.

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

Celtic Company Profile

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.