Calian Group (TSE:CGY) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Calian Group Ltd. (TSE:CGY)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$82.76 and traded as low as C$77.69. Calian Group shares last traded at C$79.74, with a volume of 21,208 shares.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Canadian Imperial Bank of Commerce increased their price target on shares of Calian Group from C$76.00 to C$90.00 in a research report on Friday, May 15th. ATB Cormark Capital Markets lifted their target price on Calian Group from C$92.50 to C$98.50 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Ventum upped their price target on shares of Calian Group from C$94.00 to C$100.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Stifel Nicolaus set a C$100.00 price objective on shares of Calian Group and gave the stock a “buy” rating in a report on Wednesday, May 20th. Finally, Canaccord Genuity Group raised their price objective on shares of Calian Group from C$103.00 to C$105.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$92.06.

Calian Group Trading Down 0.6%

The company has a 50 day simple moving average of C$82.87 and a two-hundred day simple moving average of C$75.03. The company has a debt-to-equity ratio of 63.54, a quick ratio of 1.20 and a current ratio of 1.51. The company has a market cap of C$892.51 million, a PE ratio of 27.25, a PEG ratio of 2.50 and a beta of 0.97.

Calian Group (TSE:CGY) last announced its quarterly earnings results on Thursday, May 14th. The company reported C$1.30 EPS for the quarter. The company had revenue of C$228.70 million for the quarter. Calian Group had a net margin of 3.97% and a return on equity of 10.35%. Sell-side analysts forecast that Calian Group Ltd. will post 4.9475219 EPS for the current year.

Calian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, June 10th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, May 27th. Calian Group’s dividend payout ratio is 39.30%.

Insiders Place Their Bets

In other news, insider Patrick Belanger Houston sold 6,432 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of C$80.91, for a total value of C$520,413.12. Following the sale, the insider directly owned 22,266 shares in the company, valued at approximately C$1,801,542.06. This represents a 22.41% decrease in their position. Insiders own 0.63% of the company’s stock.

Calian Group Company Profile

Calian Group Ltd operates through four segments namely Advanced Technologies, Health, Learning, and Information Technology. It generates maximum revenue from the Health segment. The company serves health, defence, security, aerospace, engineering, AgTech, and IT industries. Its Health segment includes Clinical Services; Nursing Services; Psychological Services and Medical Property Management. The Advanced Technologies segment includes Engineering Solutions and Services; Nuclear and Environmental Services; Satcom; DOCSIS; Electronics Design and Manufacturing and Agricultural Technology.