Calian Group (OTCMKTS:CLNFF) Shares Down 2.6% – Here’s What Happened

Shares of Calian Group Ltd. (OTCMKTS:CLNFF) were down 2.6% on Thursday. The company traded as low as $59.25 and last traded at $60.89. 1,250 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 2,979 shares. The stock had previously closed at $62.52.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. National Bank Financial initiated coverage on Calian Group in a report on Monday, September 14th. They set an “outperform” rating for the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Calian Group in a research report on Friday, August 14th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Calian Group in a report on Friday, August 14th. Three investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Calian Group currently has a consensus rating of “Buy”.

Calian Group Trading Down 2.6%

The business’s 50-day moving average is $58.27 and its 200-day moving average is $56.45.

About Calian Group

Calian Group Ltd. is a Canadian professional services company that provides specialized solutions to government and commercial customers. Its activities span information technology, engineering, training, health services, cybersecurity, and space-related services.

The company supports defense and security organizations with systems engineering, mission support, training, and cybersecurity capabilities. In its health business, Calian provides clinical staffing, medical services, occupational health, and related health-care solutions.