Calian Group (TSE:CGY) Reaches New 52-Week Low at $43.66

Calian Group Ltd. (TSE:CGY) reached a new 52-week low on Friday . The stock traded as low as C$43.66 and last traded at C$43.75, with a volume of 2824 shares trading hands. The stock had previously closed at C$44.10.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CGY shares. Ventum Cap Mkts upgraded Calian Group to a “strong-buy” rating in a research report on Tuesday, July 16th. Royal Bank of Canada lowered their price objective on Calian Group from C$75.00 to C$65.00 in a research note on Friday, August 9th. Cormark lowered their price objective on Calian Group from C$74.00 to C$73.00 in a research note on Friday, August 9th. Acumen Capital lifted their price objective on 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. Finally, CIBC lowered their price objective on Calian Group from C$76.00 to C$63.00 in a research note on Friday, August 9th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$74.00.

Calian Group Stock Down 2.8 %

The company has a 50 day moving average price of C$50.77 and a two-hundred day moving average price of C$54.55. The company has a debt-to-equity ratio of 39.88, a current ratio of 1.38 and a quick ratio of 1.20. The stock has a market cap of C$507.70 million, a PE ratio of 30.20, a PEG ratio of 2.50 and a beta of 0.89.

Calian Group (TSE:CGY) last posted its quarterly earnings results 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). Calian Group had a return on equity of 5.17% and a net margin of 2.28%. The business had revenue of C$185.00 million during the quarter, compared to analysts’ expectations of C$196.67 million. Analysts expect that Calian Group Ltd. will post 4.9508197 EPS for the current year.

Calian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend was Wednesday, August 21st. Calian Group’s dividend payout ratio is currently 78.87%.

Insider Transactions at Calian Group

In other news, Director Raymond Gregory Basler sold 4,000 shares of the business’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of C$56.20, for a total value of C$224,800.00. Company insiders own 0.62% of the company’s stock.

Calian Group Company Profile

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.