Celtic (LON:CCP) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

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 161.48 ($2.15) and traded as low as GBX 145 ($1.93). Celtic shares last traded at GBX 149.36 ($1.99), with a volume of 1,451 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 208 ($2.77) target price on shares of Celtic in a research report on Tuesday, February 11th.

Celtic Trading Up 2.3%

The firm has a market cap of £132.30 million, a price-to-earnings ratio of 10.45 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 business has a 50-day moving average of GBX 152.03 and a 200-day moving average of GBX 161.48.

Celtic (LON:CCP) last posted its quarterly earnings results on Tuesday, February 11th. The company reported GBX 34.70 ($0.46) earnings per share for the quarter. Celtic had a return on equity of 14.28% and a net margin of 17.19%. Research analysts anticipate that Celtic plc will post 10.6918239 EPS for the current 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.