Calian Group (TSE:CGY) Shares Pass Below 50 Day Moving Average of $51.27

Calian Group Ltd. (TSE:CGY)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$51.27 and traded as low as C$44.00. Calian Group shares last traded at C$44.10, with a volume of 13,516 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CGY. Ventum Cap Mkts raised Calian Group to a “strong-buy” rating in a report on Tuesday, July 16th. Acumen Capital upped their price target on shares of Calian Group from C$78.00 to C$80.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Ventum Financial dropped their price target on Calian Group from C$74.00 to C$70.00 in a report on Friday, August 9th. CIBC decreased their price objective on Calian Group from C$76.00 to C$63.00 in a report on Friday, August 9th. Finally, Cormark reduced their target price on shares of Calian Group from C$74.00 to C$73.00 in a research report on Friday, August 9th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$74.00.

Calian Group Trading Down 0.6 %

The firm’s 50-day simple moving average is C$51.27 and its 200 day simple moving average is C$54.74. The firm has a market capitalization of C$522.14 million, a price-to-earnings ratio of 31.06, a P/E/G ratio of 2.50 and a beta of 0.89. The company has a debt-to-equity ratio of 39.88, a current ratio of 1.38 and a quick ratio of 1.20.

Calian Group (TSE:CGY) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.89 earnings per share for the quarter, missing the consensus estimate of C$0.93 by C($0.04). The business had revenue of C$185.00 million during the quarter, compared to analyst estimates of C$196.67 million. Calian Group had a net margin of 2.28% and a return on equity of 5.17%. Equities analysts expect that Calian Group Ltd. will post 4.9508197 earnings per share for the current year.

Calian Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $1.12 annualized dividend and a dividend yield of 2.54%. Calian Group’s dividend payout ratio (DPR) is presently 78.87%.

Insider Activity at Calian Group

In other news, Director Raymond Gregory Basler sold 4,000 shares of Calian Group stock in a transaction dated Friday, June 28th. The stock was sold at an average price of C$56.20, for a total transaction of C$224,800.00. 0.62% of the stock is currently owned by company insiders.

About Calian Group

Calian Group Ltd. provides business services and solutions in Canada and internationally. It operates through four segment: Advanced Technologies, Health, Learning, and IT and Cyber Solutions (ITCS). The company offers systems engineering, software development, integration design, embedded design, operational management and lifecycle support, modelling and simulation-enabled design, and research & development solutions and services; environmental and radiation protection, decommissioning and waste management, regulatory affairs and licensing, and emergency preparedness and training services; and sophisticated communication systems for the satellite industry, such as antennas, RF systems, decimator RF spectrum analyzers, in-orbit test systems, software defined solutions, operations and teleport services, transmitters, receivers, and modems.