Calian Group (TSE:CGY) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Calian Group Ltd. (TSE:CGY)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$48.82 and traded as low as C$47.81. Calian Group shares last traded at C$48.61, with a volume of 25,448 shares.

Analysts Set New Price Targets

CGY has been the subject of a number of analyst reports. Ventum Financial decreased their target price on shares of Calian Group from C$70.00 to C$68.00 in a research note on Wednesday, November 27th. Acumen Capital reduced their price objective on Calian Group from C$75.00 to C$70.00 in a research report on Wednesday, November 27th. Six 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 currently has a consensus rating of “Buy” and an average target price of C$72.29.

Calian Group Stock Up 1.3 %

The company has a market cap of C$583.61 million, a P/E ratio of 34.68, a P/E/G ratio of 2.50 and a beta of 0.88. The company has a debt-to-equity ratio of 39.88, a current ratio of 1.38 and a quick ratio of 1.20. The company’s 50-day moving average is C$48.85 and its two-hundred day moving average is C$48.63.

Calian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 23rd were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Monday, December 9th. Calian Group’s dividend payout ratio is currently 78.87%.

Insider Activity

In other Calian Group news, Director Raymond Gregory Basler sold 849 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of C$49.59, for a total transaction of C$42,101.91. Also, Director Young Park sold 4,194 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$50.09, for a total transaction of C$210,077.46. Over the last ninety days, insiders have acquired 2,297 shares of company stock valued at $110,638 and have sold 11,270 shares valued at $546,866. Corporate insiders own 0.63% of the company’s stock.

About Calian Group

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.