Insider Selling: Calian Group Ltd. (TSE:CGY) Director Sells C$210,077.46 in Stock

Calian Group Ltd. (TSE:CGY) Director Young Park sold 4,194 shares of Calian Group stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$50.09, for a total transaction of C$210,077.46.

Calian Group Stock Down 1.3 %

CGY opened at C$47.50 on Friday. The stock has a market capitalization of C$562.88 million, a P/E ratio of 33.45, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. The company has a debt-to-equity ratio of 39.88, a quick ratio of 1.20 and a current ratio of 1.38. Calian Group Ltd. has a one year low of C$42.88 and a one year high of C$61.24. The business’s 50-day simple moving average is C$49.02 and its 200-day simple moving average is C$50.37.

Calian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 23rd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Monday, December 9th. Calian Group’s dividend payout ratio is currently 78.87%.

Analyst Ratings Changes

A number of analysts have weighed in on CGY shares. Ventum Financial cut their price target on Calian Group from C$70.00 to C$68.00 in a research note on Wednesday, November 27th. Acumen Capital cut their target price on Calian Group from C$75.00 to C$70.00 in a research report on Wednesday, November 27th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$72.29.

Calian Group Company Profile

Calian Group Ltd. provides business services and solutions in Canada and internationally. It operates through four segment: Advanced Technologies, Health, Learning, and IT and Cyber Solutions (ITCS). The company offers systems engineering, software development, integration design, embedded design, operational management and lifecycle support, modelling and simulation-enabled design, and research & development solutions and services; environmental and radiation protection, decommissioning and waste management, regulatory affairs and licensing, and emergency preparedness and training services; and sophisticated communication systems for the satellite industry, such as antennas, RF systems, decimator RF spectrum analyzers, in-orbit test systems, software defined solutions, operations and teleport services, transmitters, receivers, and modems.