Calian Group (TSE:CGY) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Calian Group Ltd. (TSE:CGY)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$75.28 and traded as low as C$70.39. Calian Group shares last traded at C$70.66, with a volume of 17,183 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CGY shares. Canadian Imperial Bank of Commerce lifted their target price on shares of Calian Group from C$65.00 to C$76.00 in a research note on Friday, February 13th. Canaccord Genuity Group lifted their target price on shares of Calian Group from C$63.00 to C$80.00 in a research note on Friday, February 13th. Acumen Capital raised their price target on shares of Calian Group from C$70.00 to C$85.00 and gave the company a “buy” rating in a report on Friday, February 13th. Ventum Financial raised their price target on shares of Calian Group from C$84.00 to C$94.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. Finally, Royal Bank Of Canada raised their price target on shares of Calian Group from C$58.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$76.83.

Calian Group Stock Down 1.1%

The firm has a market cap of C$806.51 million, a P/E ratio of 30.99, a P/E/G ratio of 2.50 and a beta of 0.92. The company has a current ratio of 1.65, a quick ratio of 1.20 and a debt-to-equity ratio of 64.10. The business’s fifty day moving average price is C$75.28 and its two-hundred day moving average price is C$63.85.

Calian Group (TSE:CGY) last announced its earnings results on Thursday, February 12th. The company reported C$1.03 EPS for the quarter. The firm had revenue of C$208.00 million for the quarter. Calian Group had a net margin of 3.34% and a return on equity of 8.41%. As a group, equities research analysts anticipate that Calian Group Ltd. will post 4.9475219 EPS for the current year.

Calian Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, March 11th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.6%. The ex-dividend date was Wednesday, February 25th. Calian Group’s dividend payout ratio (DPR) is 49.12%.

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.