Celtic (LON:CCP) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Shares of Celtic plc (LON:CCP) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 167.46 ($2.17) and traded as low as GBX 160.60 ($2.08). Celtic shares last traded at GBX 163 ($2.11), with a volume of 2,950 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 208 ($2.69) price target on shares of Celtic in a report on Tuesday, February 11th.

Celtic Stock Down 1.2 %

The firm’s fifty day moving average is GBX 169.27 and its 200-day moving average is GBX 167.46. The company has a market capitalization of £144.38 million, a P/E ratio of 11.40 and a beta of 0.36. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.86 and a current ratio of 1.46.

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