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

Calian Group Ltd. (TSE:CGY - Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$46.01 and traded as low as C$43.31. Calian Group shares last traded at C$44.00, with a volume of 34,762 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CGY shares. Acumen Capital decreased their target price on shares of Calian Group from C$75.00 to C$70.00 in a research note on Wednesday, November 27th. CIBC cut their price target on Calian Group from C$63.00 to C$62.00 in a report on Friday, February 14th. Finally, Ventum Financial lowered their price objective on Calian Group from C$70.00 to C$68.00 in a research note on Wednesday, November 27th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of C$69.67.

Calian Group Price Performance

The firm has a market cap of C$517.69 million, a price-to-earnings ratio of 46.70, a P/E/G ratio of 2.50 and a beta of 0.88. The company has a current ratio of 1.29, a quick ratio of 1.20 and a debt-to-equity ratio of 39.54. The stock's fifty day moving average price is C$45.83 and its 200-day moving average price is C$47.23.

Calian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 12th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Wednesday, February 26th. Calian Group's dividend payout ratio (DPR) is presently 119.93%.

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Insider Transactions at Calian Group

In related news, Director Lori O'neill acquired 600 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of C$44.75 per share, with a total value of C$26,850.00. Following the transaction, the director now owns 600 shares of the company's stock, valued at approximately C$26,850. This trade represents a ∞ increase in their position. Also, Director Valerie Sorbie bought 1,700 shares of the company's stock in a transaction that occurred on Friday, December 27th. The stock was bought at an average price of C$48.27 per share, with a total value of C$82,059.00. In the last ninety days, insiders acquired 3,082 shares of company stock worth $145,134. 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.