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

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$45.46 and traded as low as C$43.50. Calian Group shares last traded at C$44.00, with a volume of 35,146 shares trading hands.

Analyst Ratings Changes

Separately, CIBC decreased their price objective on shares of Calian Group from C$63.00 to C$62.00 in a report on Friday, February 14th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Calian Group presently has an average rating of “Buy” and an average target price of C$69.67.

Calian Group Trading Down 2.3 %

The company has a market capitalization of C$510.22 million, a P/E ratio of 46.02, a P/E/G ratio of 2.50 and a beta of 0.88. The company has a 50-day simple moving average of C$45.33 and a 200 day simple moving average of C$47.21. The company has a debt-to-equity ratio of 39.54, a quick ratio of 1.20 and a current ratio of 1.29.

Calian Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 12th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Wednesday, February 26th. Calian Group’s dividend payout ratio (DPR) is currently 119.93%.

Insider Activity at Calian Group

In other news, Director Lori O’neill bought 600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost of C$44.75 per share, with a total value of C$26,850.00. Following the completion of the transaction, the director now directly owns 600 shares in the company, valued at C$26,850. This represents a ∞ increase in their ownership of the stock. Insiders purchased a total of 882 shares of company stock worth $39,600 in the last ninety days. 0.63% of the stock is currently owned by insiders.

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.