Calian Group (TSE:CGY) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Calian Group Ltd. (TSE:CGY) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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 changing hands.

Analysts Set New Price Targets

CGY has been the subject of several recent analyst reports. Ventum Financial dropped their price objective on Calian Group from C$70.00 to C$68.00 in a research report on Wednesday, November 27th. CIBC lowered their target price on Calian Group from C$63.00 to C$62.00 in a research note on Friday, February 14th. Finally, Acumen Capital reduced their price target on shares of Calian Group from C$75.00 to C$70.00 in a research note on Wednesday, November 27th. Five equities 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 stock currently has a consensus rating of “Buy” and a consensus target price of C$69.67.

Calian Group Trading Up 1.7 %

The business has a fifty day simple moving average of C$46.01 and a 200-day simple moving average of C$47.27. The firm has a market cap of C$522.32 million, a price-to-earnings ratio of 47.11, a PEG ratio of 2.50 and a beta of 0.88. The company has a debt-to-equity ratio of 39.54, a quick ratio of 1.20 and a current ratio of 1.29.

Calian Group Dividend Announcement

The company also recently disclosed 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 2.55%. The ex-dividend date of this dividend was Wednesday, February 26th. Calian Group’s dividend payout ratio is currently 119.93%.

Insider Buying and Selling

In related news, Director Lori O’neill bought 600 shares of the stock in a transaction that occurred 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 ownership of the stock. Also, Director Valerie Sorbie bought 1,700 shares of the business’s stock in a transaction on Friday, December 27th. The shares were bought at an average cost of C$48.27 per share, for a total transaction of C$82,059.00. Insiders have acquired a total of 3,147 shares of company stock worth $148,588 in the last ninety days. Company 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.