Calian Group (TSE:CGY) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Calian Group Ltd. (TSE:CGY)’s stock price passed 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.

Analyst Upgrades and Downgrades

CGY has been the topic of a number of research reports. Ventum Financial reduced their price objective on Calian Group from C$70.00 to C$68.00 in a research note on Wednesday, November 27th. Acumen Capital dropped their target price on Calian Group from C$75.00 to C$70.00 in a report on Wednesday, November 27th. Finally, CIBC dropped their target price on Calian Group from C$63.00 to C$62.00 in a report on Friday, February 14th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$72.14.

Calian Group Trading Up 1.6 %

The stock has a fifty day moving average of C$47.41 and a 200-day moving average of C$47.53. The company has a debt-to-equity ratio of 39.54, a quick ratio of 1.20 and a current ratio of 1.29. The company has a market cap of C$478.52 million, a PE ratio of 43.16, a PEG ratio of 2.50 and a beta of 0.88.

Calian Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 12th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Wednesday, February 26th. Calian Group’s payout ratio 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 on Tuesday, February 18th. The stock was acquired at an average cost of C$44.75 per share, with a total value of C$26,850.00. Following the transaction, the director now directly owns 600 shares in the company, valued at approximately C$26,850. This trade represents a ∞ increase in their position. Also, Senior Officer Patrick Belanger Houston sold 1,469 shares of Calian Group stock in a transaction on Thursday, December 12th. The shares were sold at an average price of C$47.69, for a total value of C$70,056.61. In the last quarter, insiders acquired 3,147 shares of company stock worth $148,588 and sold 10,035 shares worth $486,278. 0.63% of the stock is 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.