Calian Group (TSE:CGY) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Shares of Calian Group Ltd. (TSE:CGY) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$75.62 and traded as low as C$72.13. Calian Group shares last traded at C$73.34, with a volume of 32,219 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CGY shares. Royal Bank Of Canada lifted their price target on shares of Calian Group from C$58.00 to C$60.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Acumen Capital increased their price objective on shares of Calian Group from C$70.00 to C$85.00 and gave the company a “buy” rating in a report on Friday, February 13th. Ventum Financial lifted their target price on shares of Calian Group from C$84.00 to C$94.00 and gave the company a “buy” rating in a research report on Tuesday, March 10th. Canaccord Genuity Group boosted their target price on shares of Calian Group from C$63.00 to C$80.00 in a research note on Friday, February 13th. Finally, Canadian Imperial Bank of Commerce upped their price target on shares of Calian Group from C$65.00 to C$76.00 in a research report on Friday, February 13th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$76.83.

Calian Group Price Performance

The company has a 50-day moving average of C$75.69 and a 200 day moving average of C$62.89. The company has a quick ratio of 1.20, a current ratio of 1.65 and a debt-to-equity ratio of 64.10. The stock has a market capitalization of C$796.70 million, a PE ratio of 30.61, a PEG ratio of 2.50 and a beta of 0.89.

Calian Group (TSE:CGY) last announced its quarterly earnings data on Thursday, February 12th. The company reported C$1.03 earnings per share for the quarter. Calian Group had a return on equity of 8.41% and a net margin of 3.34%.The company had revenue of C$208.00 million for the quarter. Sell-side analysts predict that Calian Group Ltd. will post 4.9475219 EPS for the current year.

Calian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, March 11th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, February 25th. Calian Group’s dividend payout ratio (DPR) is currently 49.12%.

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. The Advanced Technologies segment includes Engineering Solutions and Services; Nuclear and Environmental Services; Satcom; DOCSIS; Electronics Design and Manufacturing and Agricultural Technology.