Calian Group (TSE:CGY) Shares Pass Below 50 Day Moving Average – What’s Next?

Calian Group Ltd. (TSE:CGY) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-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 changing hands.

Wall Street Analysts Forecast Growth

Separately, CIBC dropped their target price 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 issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$69.67.

Calian Group Trading Up 1.0 %

The firm has a market capitalization of C$522.32 million, a P/E ratio of 47.11, 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 has a 50 day simple moving average of C$45.46 and a 200-day simple moving average of C$47.24.

Calian Group Dividend Announcement

The firm 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. The ex-dividend date was Wednesday, February 26th. This represents a $1.12 annualized dividend and a yield of 2.55%. Calian Group’s dividend payout ratio (DPR) is 119.93%.

Insider Buying and Selling at Calian Group

In related news, Director Lori O’neill purchased 600 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was acquired at an average price of C$44.75 per share, with a total value of C$26,850.00. Following the completion of the acquisition, 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. Over the last ninety days, insiders acquired 882 shares of company stock valued at $39,600. Insiders own 0.63% of the company’s stock.

About Calian Group

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.