Celtic (LON:CCP) Stock Passes Below 200 Day Moving Average – Here’s Why

Celtic plc (LON:CCP) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 166.30 ($2.16) and traded as low as GBX 153 ($1.99). Celtic shares last traded at GBX 158.40 ($2.06), with a volume of 17,767 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 208 ($2.70) target price on shares of Celtic in a research note on Tuesday, February 11th.

Celtic Stock Down 1.9 %

The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.86 and a current ratio of 1.46. The company’s fifty day moving average is GBX 168.51 and its 200-day moving average is GBX 166.30. The company has a market capitalization of £140.31 million, a PE ratio of 11.08 and a beta of 0.36.

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