Celtic (LON:CCP) Stock 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 Thursday . The stock has a 200-day moving average of GBX 165.09 ($2.14) and traded as low as GBX 146.60 ($1.90). Celtic shares last traded at GBX 148.25 ($1.92), with a volume of 1,426 shares.

Analyst Upgrades and Downgrades

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

Celtic Trading Up 3.3 %

The stock has a market cap of £137.29 million, a price-to-earnings ratio of 10.84 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’s fifty day moving average price is GBX 165.61 and its 200-day moving average price is GBX 165.09.

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 net margin of 17.19% and a return on equity of 14.28%. On average, research analysts expect 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.