Calian Group (TSE:CGY) Stock Passes Below 50-Day Moving Average - Here's What Happened

Calian Group Ltd. (TSE:CGY - Get Free Report) crossed 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 traded.

Wall Street Analyst Weigh In

Separately, 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. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$69.67.

Calian Group Trading Up 0.9 %

The stock has a market cap of C$527.31 million, a price-to-earnings ratio of 47.56, a P/E/G ratio of 2.50 and a beta of 0.88. The company has a debt-to-equity ratio of 39.54, a current ratio of 1.29 and a quick ratio of 1.20. The company's fifty day moving average price is C$45.11 and its 200-day moving average price is C$47.25.

Calian Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.12 dividend on an annualized basis and a yield of 2.52%. Calian Group's payout ratio is 119.93%.

Insiders Place Their Bets

In other news, Director Lori O'neill acquired 600 shares of Calian Group stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average cost of C$44.75 per share, for a total transaction of C$26,850.00. Following the completion of the purchase, the director now directly owns 600 shares in the company, valued at C$26,850. This trade represents a ∞ increase in their position. Over the last quarter, insiders purchased 882 shares of company stock valued at $39,600. Insiders own 0.63% of the company's stock.

Remove Ads

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.