Calian Group (TSE:CGY) Share Price Crosses Below 50-Day Moving Average - Here's What Happened

Calian Group Ltd. (TSE:CGY - Get Free Report) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$47.41 and traded as low as C$39.41. Calian Group shares last traded at C$40.31, with a volume of 50,116 shares traded.

Analyst Ratings Changes

CGY has been the topic of several analyst reports. Acumen Capital dropped their price target on shares of Calian Group from C$75.00 to C$70.00 in a research report on Wednesday, November 27th. CIBC lowered their target price on shares of Calian Group from C$63.00 to C$62.00 in a research note on Friday, February 14th. Finally, 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. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$69.67.

Calian Group Trading Up 2.8 %

The stock has a market cap of C$495.26 million, a P/E ratio of 44.67, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. The stock's 50-day moving average is C$47.14 and its two-hundred day moving average is C$47.45. The company has a debt-to-equity ratio of 39.54, a current ratio of 1.29 and a quick ratio of 1.20.

Calian Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 12th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Wednesday, February 26th. Calian Group's payout ratio is presently 119.93%.

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Insider Buying and Selling at Calian Group

In other Calian Group news, Director Lori O'neill bought 600 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average cost of C$44.75 per share, for a total transaction of C$26,850.00. Following the transaction, the director now owns 600 shares of the company's stock, valued at C$26,850. This represents a ∞ increase in their ownership of the stock. Also, Director Young Park sold 4,194 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of C$50.09, for a total transaction of C$210,077.46. In the last quarter, insiders bought 3,147 shares of company stock worth $148,588 and sold 10,035 shares worth $486,278. 0.63% of the stock is currently owned by company 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.